Monday, April 27th8.0°C
25850

Russia threatens it could ask Ukraine for advance payment for gas

MOSCOW - President Vladimir Putin has threatened that Russia's state-owned gas company could ask Ukraine to pay for gas in advance, according to Russian state news agencies.

In a meeting Wednesday with government ministers, Putin said that asking for advance payments "corresponded with the contract" between Ukraine and Russia, but asked that state energy giant Gazprom refrain from such drastic measures until "additional consultations" between both sides.

Russia has tightened the economic screws on Ukraine since its Russia-leaning president Viktor Yanukovych was ousted from power in February after months of street protests. Last week, Gazprom said it would be scrapping all discounts on gas to Ukraine, meaning a 70 per cent price hike that will add to Ukraine's $2.2 billion in gas arrears.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15408.33+15.98
S&P CDNX697.70-1.78
DJIA18080.14+21.45
Nasdaq5092.08+36.02
S&P 5002117.69+4.76
CDN Dollar0.8227+0.0021
Gold1182.00+6.80
Oil55.50-0.88
Lumber258.50+3.90
Natural Gas2.472-0.059

 
Okanagan Companies
Pacific Safety0.12-0.01
Knighthawk0.010.00
QHR Technologies Inc1.38+0.00
Cantex0.035+0.005
Anavex Life Sciences0.43+0.01
Metalex Ventures0.095+0.000
Russel Metals27.16+0.41
Copper Mountain Mining1.15+0.06
Colorado Resources0.095+0.000
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.20+0.00
Decisive Dividend Corporation1.80+0.10

 



25849

FEATURED Property
21700502677 Westside Road
3 bedrooms 5 baths
$4,495,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



26069




Member of BC Press Council


24843