#Ukraine’s gas debt to hit $5.26 bn, if no June payment — RT Business

Ukraine’s gas debt to hit $5.26 bn, if no June payment — RT Business:



"Ukraine’s gas debt will increase to $5.26 billion on Monday, if it doesn’t pay its bill for June by the July 7 deadline. This bill is calculated on gas delivered before Russia’s Gazprom switched Ukraine’s Naftogaz to a prepayment system.



In the first 15 days of June before the prepayment plan was introduced Russia supplied 1.56 billion cubic meters of gas to Ukraine.



If the bill is not paid by July 7 the debt will rise to $5.26 billion, based on the new price of $485 per thousand cubic meters that came into effect in April."



'via Blog this'