Arab Today, arab today russia halts gas supplies to ukraine
Last Updated : GMT 07:55:03
Arab Today, arab today
Arab Today, arab today

After pricing talks broke down

Russia halts gas supplies to Ukraine

Arab Today, arab today

Arab Today, arab today Russia halts gas supplies to Ukraine

Ukraine imports 60% of its gas
Moscow - Arab Today

Gas giant Gazprom said on Wednesday it was halting all natural gas supplies to Ukraine after pricing talks broke down in the latest row between Russia and its war-torn ex-Soviet neighbour.

"Ukraine did not pay for July gas supplies," Gazprom said.

"Gazprom halted gas supplies to Ukraine from 10 am (0700 GMT) July 1," it said in a statement, stressing that no more gas would be sent to the pro-Western country without prepayment.

The announcement came after Ukraine declared Tuesday it was suspending all purchases of natural gas from Russia after EU-mediated negotiations in Vienna aimed at keeping supplies running broke down.

Ukraine's state energy company Naftogaz indicated that gas supplies to Europe would not be affected, saying it would continue transporting Russian gas supplies westward to its other European clients.

Moscow dramatically hiked the price it charges Ukraine following the ouster of Kremlin-backed leader Viktor Yanukovych in February 2014.

Kiev is now increasingly relying on supplies from central European countries and energy-rich Norway.

Russia had offered to keep the price it charges Ukraine through the end of September at $247 per thousand cubic metres of gas.

That figure represents a $40 discount from the price Russia had the right to set under the terms of a prior agreement.

But Russian Energy Minister Alexander Novak said Ukraine wanted a discount of at least 30 percent.

End-of-year haggling over energy prices has been a familiar problem between Russia and Ukraine, with Moscow having cut natural gas to Ukraine and disrupted transit supplies to Europe in the past.

Ties collapsed after a popular uprising in Kiev last year ousted Kremlin-backed leader Yanukovych, and Russia moved to wrest the Crimea peninsula from Kiev's control and buttressed Russian-speaking separatists in the east of the country.

Analysts at VTB Capital suggested that Ukraine, which needs to refill its underground storage facilities ahead of winter, could eventually renew gas purchases from Russia.

"In the meantime, Ukraine is to make use of reverse gas purchases, although in our view they are unlikely to be any cheaper," the bank said in a note to clients.
Source: AFP

arabstoday
arabstoday

GMT 04:12 2017 Monday ,23 October

'keep making money' via trade

GMT 18:31 2017 Saturday ,21 October

Global oil market improving, stabilizing

GMT 13:23 2017 Friday ,20 October

EU leaders approve first step

GMT 19:29 2017 Thursday ,19 October

IMF policies undermine human rights

GMT 19:13 2017 Tuesday ,17 October

GCC public debts reached to $415bn

GMT 10:22 2017 Sunday ,15 October

ADNOC strengthens energy partnership

GMT 17:02 2017 Saturday ,14 October

IMF, Spain warn on economic growth

GMT 05:05 2017 Saturday ,14 October

Saudi Aramco considering ‘range of options’
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia halts gas supplies to ukraine Arab Today, arab today russia halts gas supplies to ukraine

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today russia halts gas supplies to ukraine Arab Today, arab today russia halts gas supplies to ukraine

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday