Source: Bloomberg
Ukraine will be depriving Russian gas for the next half year. It must, however, pay $ 3.1 billion of outstanding bills for supplies of this raw material.
This is the result of the Berlin agreement between Gazprom and the government in Kiev, which has led the EU Commissioner for Energy, Guenther Oettinger. Gazprom cut off gas supplies Ukrainians summer after failure to agree on how much it really Kiev owes Gazprom for earlier delivery. Now, when it comes to ratification of the agreement in the next week, the amount of 3.1 billion dollars. will be distributed in two installments, and Gazprom undertakes to send to Ukraine from October to March 2015, at least 5 billion cubic at a price of $ 385. per thousand cubic meters, and delivery must be prepaid.
For its part Oettinger has ensured that the European Union will guarantee an additional loan of the International Monetary Fund, and the first tranche of $ 2 billion will be paid to the end of October, and the remaining $ 1.1 billion. the end of December.
The Russians are happy with this development, because Gazprom which sanctions cut off funding opportunities abroad really need the money. It is therefore a chance that at the last minute did not invent, as is their habit, the obstacles that prevent agreement. -Szczegóły Contract to supply tires are satisfactory – said last Friday in Berlin, where negotiations were Aleksander Nowak, Minister of Energy of Russia. In his opinion, the gas conflict between Ukraine and Russia came to the step in the right direction.
The Berlin agreement is a clear success for Russia, which led the Hungarians would not agree on the so-called. reverse, ie the transfer of Russian gas to Ukraine. The government in Budapest informed about the visit of the President of Gazprom, Alexei Miller. Miller met with Viktor Orban, Prime Minister of Hungary, who complained of a reduced supply of Russian gas after his country together with Slovakia and Polish, under an agreement with Brussels reverse provide gas to Ukraine. Later that same day the Hungarian gas pipeline operator FGSZ announced that stopped the reverse to Ukraine arguing that the necessity to perform technical work, ensuring security of supply. Also on Monday, the Hungarians informed about the resumption of work on the construction of the South Stream pipeline. This project is opposed to Brussels. Moreover, the European Commission’s response was immediate. Helen Kearns, a spokeswoman for the European Commission said that Brussels expects all member states to reverse the gas supplied Ukraine. – As you know reverse the ban is not in their contracts with Gazprom, none of the EU countries, which have the right to resell Russian gas so countries of the Community and third countries, which is, for example. Ukraine – said Helen Kearns.
Last gas war between Russia and Ukraine began in February this year when protesters on Maidan led to the escape of President Viktor Yanukovych. Gazprom then completely cut off gas supplies to Ukraine arguing that the outstanding payments, which priced at 3 to 5 billion dollars. The gas flowing through Ukraine but still – it was supplying the Polish and other European Union countries.
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