Putin urges European leaders to solve Ukrainian gas rub

Putin urges European leaders to solve Ukrainian gas rub

Pratiksha SharmaUpdated: Saturday, June 01, 2019, 12:49 PM IST
article-image

Moscow:  Russian President Vladimir Putin called on European leaders Thursday to take concrete and active measures to help solve the Ukrainian gas debt problem and stabilise that country’s shrinking economy.

“We hope that the European Commission will more actively engage in the dialogue in order to work out specific and fair solutions that will help stabilise the Ukrainian  economy,” Xinhua quoted Putin as saying in a letter.

He said Russia was “forced” to switch to prepayment regime as Ukraine had failed to fulfill its contractual obligations and the gas debt had reached over $3.5 billion.

“(Russia’s state-run gas monopoly) Gazprom has not received a single payment for the gas supplied to Ukraine… despite the fact that Ukraine has received the first tranche of  the International Monetary Fund’s loan to the amount of $3.2 billion.”

Noting that Russia has not received any specific proposals from European partners on how to stabilise the situation with the Ukrainian buying company, Putin said Moscow  “remains open to continuation of consultations and joint actions”.

In 2010, Russia and Ukraine signed a gas-for-fleet agreement, under which Moscow offered a discount for gas in exchange for extending its lease of the Black Sea fleet in Crimea for another 25 years.

In April, Moscow declared that pact no longer valid as Crimea joined Russia in March, though the West and Kiev refuse to recognise it. Following that announcement, Gazprom  canceled discounts on gas supplies to Ukraine and set a price tag of $485 dollars per thousand cubic metres, which Kiev has called overpriced and temporarily suspended gas intake.

Earlier the week, Gazprom informed its Ukrainian counterpart Naftogaz that supplies of gas will be conducted under prepay option starting June. Under that scheme, Naftogaz must prepay to the Russian supplier $1.659 billion before June 2 for 3.42 billion cubic  metres of gas.

RECENT STORIES

Doha-Hong Kong Qatar Airways Flight Makes Emergency Landing At Ahmedabad Airport Due To Technical...

Doha-Hong Kong Qatar Airways Flight Makes Emergency Landing At Ahmedabad Airport Due To Technical...

'They Disappeared My Hair': Trump SLAMS Time Magazine For Clicking His 'Super Bad Picture' In...

'They Disappeared My Hair': Trump SLAMS Time Magazine For Clicking His 'Super Bad Picture' In...

Bipin Joshi, Lone Nepalese Hindu Taken Hostage By Hamas After October 7 Attack, Confirmed Dead

Bipin Joshi, Lone Nepalese Hindu Taken Hostage By Hamas After October 7 Attack, Confirmed Dead

Shehbaz Sharif's Awkward Moment Caught On Camera: Pak PM Interrupts Trump’s Speech, Steps On...

Shehbaz Sharif's Awkward Moment Caught On Camera: Pak PM Interrupts Trump’s Speech, Steps On...

Meet Kirti Vardhan Singh, MoS External Affairs Ministry Who Met Donald Trump On Sidelines Of...

Meet Kirti Vardhan Singh, MoS External Affairs Ministry Who Met Donald Trump On Sidelines Of...