Support The Moscow Times!

Ukraine Doesn't Recognize Debt

Kiev won't acknowledge a $7 billion debt claimed by Gazprom as a penalty for Ukraine's failure to take the amount of gas it had agreed to import in 2012.

"As far as I understand, the Ukrainian government refused to recognize the $7 billion [penalty] as Ukraine's sovereign debt while I was on my way," Foreign Minister Leonid Kozhara told Ukrainian journalists in Brussels.

He insisted that Russia and Ukraine, as strategic partners, should address problems in their relations at the negotiating table.

"If they are not resolved there, the gas supply contract with Russia itself envisions other procedures that could be used as well," Kozhara said.

It was reported earlier that Ukraine had cut its natural gas imports by 11.9 billion cubic meters (26.5 percent) to 33 billion cubic meters in 2012.

(MT)

Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.