Russia rejects Ukraine gas deal of initial $1B payment, deadline passes
KYIV, Ukraine - Ukraine faced a possible cutoff of gas supplies from Russia as a payment deadline passed and negotiators failed to reach a deal with Russia on gas prices and unpaid bills.
Russian wanted payment of US$1.95 billion for past due bills by 9 a.m. Kyiv time Monday.
As the deadline passed Gazprom issued a statement that it would start demanding payment in advance for gas.
The statement did not address whether supplies to the pipelines into Ukraine were immediately being reduced.
The European Commission said in a statement Monday that Ukraine was ready to accept a compromise in talks in Kyiv of paying $1 billion now and more later, but Russia was not.
European Union energy official Guenther Oettinger said he was "not pessimistic" that agreement could eventually be reached.
Read more Business News
- Boonstock beginsPenticton / S. Okanagan - 2:11 pm
- Pro-Palestinians protestWest Kelowna - 3:07 pm
- Standing up for Israel?Poll - 5:00 pm
- YLW runway clearKelowna - 1:02 pm
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.255||-0.007|
|Copper Mountain Mining||2.67||-0.08|
|Sunrise Resources Ltd||0.035||+0.005|
|Mission Ready Services||0.155||+0.005|
On March 6, 2010 a bridge in Turku, Finland bent 56 inches (143 centimeters) due to structural failures of both piers. No one was injured. The bridge had to be demolished 4 months later. Our infrast...
Eighty percent of our success in learning from other people is based on how well we listen. Other people’s experience can be enormously helpful. With it we can often overcome time restraints and...
Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...