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29

Gazprom Confirms Ukraine's Payment For Gas

Gazprom confirmed on Tuesday that Ukraine's national gas company Naftogaz had paid in full for gas delivered in March

Valentyn Zemlyanskiy, a spokesman for Naftogaz, earlier said that the company had made full payments for gas consumed in March and that Naftogaz and Gazprom had signed a technical agreement on gas transits.

Naftogaz made timely payments for gas delivered to the ex-Soviet republic in January and February.

In line with agreements reached earlier in Moscow, Ukraine must pay for each month's gas supplies by the 7th day of the following month. If payment is not made on time, then Gazprom can insist on a switch to advance payments for gas deliveries.

Author: Ksenia Kochneva