Support The Moscow Times!

Gazprom Says Ukraine Owes Extra $11Bln for Gas

Russia's Gazprom has slapped Ukraine energy firm Naftogaz with an additional $11.4 billion gas bill, more than five times its previous claim, ratcheting up pressure on Kiev amid the deepest East-West rift since the end of the Cold War.

The political crisis in Ukraine, now in its fourth month, has pitted Russia against the United States and the European Union, which have sanctioned Moscow over its annexation of Crimea peninsula.

A Gazprom source said the $11.4 billion was in addition to the $2.2 billion that Naftogaz already owes for supplies in 2013 and 2014 so far.

The source said the bill was sent to Naftogaz on Wednesday and was related to Naftogaz's failure to meet a "take or pay" clause for gas supplies.

Interfax news agency reported earlier on Thursday that Alexander Medvedev, Gazprom's deputy chief executive, had told reporters about the bill in Paris.

Both Gazprom and Naftogaz declined to comment.

The "take or pay" requirements in a gas supply contract make consumers pay for gas whether they take physical delivery or not.

Naftogaz should have imported 41.6 billion cubic metres under the 2013 contract terms, but shipped in only 12.9 bcm, the Gazprom source said.

See also:

Gazprom Partner Urges Restraint

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more