St. Petersburg — Russia and China have agreed on a $25 billion prepayment under a supply deal signed earlier this week, Alexander Medvedev, chief executive of Gazprom Export, said Friday.
"A prepayment has been agreed, agreed in principle, details are being discussed. It's $25 billion," Medvedev told journalists on the sidelines of the St Petersburg International Economic Forum.
Russia and China signed a 30-year gas supply contract, worth a total of more than $400 billion, earlier this week during President Vladimir Putin's visit to the country.
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Russia-China Gas Deal Signed to Applause — and Skepticism
