Friday, October 31st8.5°C
21625
23004

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14593.70+135.01
S&P CDNX762.50-9.15
DJIA17381.05185.63
Nasdaq4629.911+63.772
S&P 5002015.69+21.04
CDN Dollar0.8841-0.0093
Gold1162.40-36.20
Oil79.97-0.93
Lumber325.00+1.40
Natural Gas3.715+0.066

 
Okanagan Companies
Pacific Safety0.125+0.015
Knighthawk0.01-0.005
QHR Technologies Inc1.150.00
Cantex0.045-0.015
Anavex Life Sciences0.17-0.0011
Metalex Ventures0.03-0.005
Russel Metals32.50+0.28
Copper Mountain Mining2.02+0.05
Colorado Resources0.14+0.005
ReliaBrand Inc0.012-0.004
Sunrise Resources Ltd0.05+0.025
Mission Ready Services0.375+0.005

 





FEATURED Property
2087532423 Curlew Drive
5 bedrooms 4 baths
$869,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Empty nesting: financial issues

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, b...


Keep your haunted home safe

Eerie sounds, spooky lights and Jack-o’-lanterns aglow—extra efforts at Halloween will keep visitors coming back for both tricks and treats. However, to keep the fun going, it’s imp...


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...

_








Member of BC Press Council


22632