Ukraine Must Pay in Advance for Gas Supplies, Gazprom Says

RT News reported that Russia’s Gazprom plans to demand advance payment for LNG supplied to Ukraine in June. According to RT News, Ukraine missed a payment in April, adding to its already enormous gas bill and prompting Gazprom to exercise its right to ask for advance payments.

As quoted in the publication:

The debt as of May 7, 2014 stands at $3.508 billion, Gazprom said Wednesday, up from the $2.2 billion tab at the end of April. The sum is contested by Ukraine. Moscow, Kiev and the European Commission plan to hold a new round of talks to negotiate the debt; its date will be discussed on May 12, Russia’s Energy Ministry said.

Click here to read the full RT News article.