#AceFinanceNews- KIEV – April 28 – Ukraine is ready to pay the price of 268 US dollars per 1,000 cubic metres of Russian gas, parliament-appointed Prime Minister Arseniy Yatsenyuk said on Monday, April 28.
This is 45% below the established price of gas.
If Moscow disagrees, Kiev will be prepared to contest its debt in court, he said.
Yatsenyuk told reporters that a “note” had been sent to Russia’s Gazprom, which “states the price”.
If Gazprom accepts the proposed terms, Ukraine will pay the gas debt of 2.2 billion US dollars immediately.
If no solution is found within 30 days, the dispute will be taken to court.
#AceFinanceNews – KIEV – April 05 – Ukraine is ready to buy Russian natural gas at a price of 268 U.S. dollars per 1,000 cubic metres, parliament-appointed Prime Minister Arseny Yatsenyuk said on Saturday, April 5.
He said Ukraine “does not accept” Russia’s decision to raise the price of gas from April 1 and regards it as “political pressure”.
“Political pressure will not pass. We do not accept the price of 500 U.S. dollars. Ukraine is ready to continue buying natural gas at the price that was in effect since the beginning of the year – 268 U.S. dollars. This is an acceptable and balanced price,” Yatsenyuk said.
He reiterated Kiev’s readiness to “make all payments for the previous gas supplies” and was waiting for Russia’s reply.
Gazprom CEO Alexei Miller said on Saturday that “the debt situation cannot continue endlessly. We cannot supply gas for free. The debt must be paid. And current deliveries must be paid in full, too. ”
He stressed that the debt was growing by the month and now only 20 percent of payments were collected, compared to about 50 percent just recently.
As a result, “Ukraine’s debt to Russia will grow by 5.6 billion U.S. dollars by the end of the year.
This is a huge amount of money. This is a very tangible negative result for Gazprom,” he said, adding that this money was already included in the company’s investment plans and budget.
#AceFinanceNews – KIEV – March 27
Ukraine is standing on the verge of the economic and financial bankruptcy, Arseniy Yatsenyuk, the acting prime minister of Ukraine, said at a parliamentary session on Thursday.
#AceFinanceNews -Allocation of financial aid to Ukraine in the amount of $ 3 billion will depend on the effectuation of structural reforms by the Kiev government, World Bank President Jim Yong Kim said in an interview with Bloomberg.
The report said that Kim, who met with acting Ukrainian Prime Minister Arseniy Yatsenyuk in Washington this week, said it would not be easy for Ukraine to carry out the changes it has pledged.
“Even in the midst of all these political difficulties, they’re going to do things like remove fuel subsidies,” Kim said on Bloomberg TV’s “Market Makers” program.
“We feel that they’re moving forward, so we’re going to be able to move forward we think fairly quickly, if they continue on that path to being committed to those reforms,” he said.
Yatsenyuk is seeking financial aid from Western donors, including $15 billion from the IMF, Bloomberg said.
As he spoke to his hosts in Washington, he promised “real reforms” to stabilize the national economy, currently plagued by a sliding currency and deepening budget deficits.
The IMF has issued persistent calls to the Ukrainian government to reduce the deficit, to allow the currency to fluctuate and to stop paying out gas subsidies that amount to 7.5% of the Ukrainian economy.
NEW YORK, March 14, Itar-Tass