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No more Russian gas to Ukraine: Gazprom returns payment & stops deliveries

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RT - Russia Today


No more Russian gas to Ukraine: Gazprom returns payment & stops deliveries
http://www.rt.com/business/420146-gazprom-halt-naftogaz-ukraine-deliveries/





'Russian state-run gas giant Gazprom will stop shipments of natural gas to Ukraine starting March 1, the company’s deputy chairman, Alexander Medvedev, told journalists.

Medvedev said that Gazprom had refunded the entire prepayment received from Ukrainian state gas monopoly Naftogaz for the gas that was to be delivered this month. The decision came as the sides reportedly failed to extend a supplemental agreement to the current gas contract.

So far, the supplemental agreement to the operating contract with Naftogaz has not been approved, and that is a compulsory condition for launching the shipments,” said Medvedev. “So, we have to recover the amount paid by the company in full. And it is obvious that the shipments in March won’t start.”

In response, Ukraine's state monopoly said that Gazprom had failed to deliver prepaid gas. Naftogaz is reportedly planning to claim damages for supply failure from the Russian energy major.'



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