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.
Read more Business News
- Rain won't stop TRU eventKamloops - 1:33 pm
- Quad crash hospitalizes oneKelowna - 1:04 pm
- Fire destroys houseVernon / N. Okanagan - 12:51 pm
- Crash: Truck Vs. PontiacCentral Okanagan - 8:57 am
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...