Monday 13 October 2014

Russia Eases Gas Payment Demands for Ukraine Before Talks - Bloomberg

Russia Eases Gas Payment Demands for Ukraine Before Talks - Bloomberg:



"Russia is offering Ukraine a more flexible payment schedule for overdue natural-gas supplies to resolve a dispute that threatens to disrupt supplies to Europe as the heating season looms.



Russia may cut its demand for the first debt payment to $1.45 billion from $2 billion, Energy Minister Alexander Novak told reporters today in Moscow. Ukraine must settle this amount and pay an advance before Russia will resume deliveries to the transit nation, he said.



“We officially sent that proposal on Oct. 3” to the EU, Novak said. “Ukraine hasn’t accepted it yet.”"



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