Russia’s Gazprom suffers dual non-payment bind – beyondbrics - Blogs - FT.com:
"As Gazprom pressures Ukraine to settle its $3.5bn gas arrears, Russian gas consumers have also been running up multi-billion dollar debts. At a time when Russia’s economy is faltering, it might be difficult for Gazprom to get them to pay up.
Gazprom’s customers owed Rbs115.8bn ($3.35bn) for gas at the end of 2013, almost 40 per cent more than on December 31st 2012, Kirill Seleznev, director general of Mezhregiongaz, Gazprom’s gas distribution subsidiary, told reporters in Moscow this week.
Domestic buyers have continued to fall behind on payments this year, with total debts rising to Rbs 141.6bn ($4.1bn) in the first quarter of 2014, he said.
Debt problems were most acute in Russia’s impoverished North Caucasus, where law enforcers are battling an Islamic insurgency. Consumers in more prosperous European Russia, including the Moscow, Vladimir and Bryansk regions, were also falling further behind with gas payments than before."
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