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2014-05-11 14:10:00

RUSSIA: UPS STAKES

RUSSIA: UPS STAKES

Gazprom will only supply Ukraine with gas that has been paid for in advance from the start of June, Moscow said on Thursday, after Kiev missed another deadline to pay its mounting energy debt to the Russian company.

Alexander Novak, Russia's energy minister, said the state-controlled enterprise would move to a system of pre-payment for supplies to Ukraine from next month, bringing the simmering gas dispute between the countries a step closer to crisis.

The move to pre-payment raises the prospect of a disruption in gas supplies…

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Tags: GAS, RUSSIA, GAZPROM

Chronicle:

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