Support The Moscow Times!

Ukraine to Last Until 2014 Without Russian Gas

KIEV — Ukraine can get by without buying Russian gas before the end of the year, Energy Minister Eduard Stavytsky said Wednesday.

"We reckon that up to the end of the year we can do without buying Russian gas. In the first ten days of November, we got by without any gas imports," he told reporters before a cabinet meeting.

The decision by the Ukrainian state oil and gas company Naftogaz last Friday to suspend imports sparked fears of a possible new dispute that might affect gas supplies to Europe.

Naftogaz' June 2014 dollar bond yield rose more than one percentage point Wednesday, to a record high above 20 percent.

Stavytsky also said that all issues concerning the payment of Russian gas deliveries in October had been settled.

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.