Tuesday 10 June 2014

#Ukraine Gas Talks Deadlock as Gazprom Demands Debt Payment - Bloomberg

Ukraine Gas Talks Deadlock as Gazprom Demands Debt Payment - Bloomberg:



"Ukraine and Russia failed to reach an agreement on natural gas deliveries during overnight negotiations hosted by the European Union as OAO Gazprom (OGZD) insisted on receiving a debt payment before a deadline today.



Talks may resume today at 9 p.m. central European time or tomorrow morning, EU Energy Commissioner Guenther Oettinger told reporters in Brussels after the meeting, which lasted more than seven hours. The EU, reliant on Russian gas piped through Ukraine for about 15 percent of its supplies, is trying to broker a deal to avert a cutoff.



Gazprom will not delay today’s deadline, under which Ukraine must make prepayments for gas supplies, spokesman Sergei Kupriyanov said by phone."



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