Ukraine’s acting PM promises to repay gas debts if Moscow reverts to old prices

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Ukrainian Prime Minister Arseniy Yatsenyuk has reassured Brussels of Kyiv’s readiness to pay gas bills within ten day if Gazprom (MOEX: GAZP) signs a document extending the old gas price at $268 per 1,000 cubic meters.

For his part, European Commission President Jose Manuel Barroso said he hopes the issue will be resolved before the end of May in the framework of the trilateral negotiations.

The announcement was made at a press conference in Brussels on Tuesday following a bilateral meeting between a Ukrainian government delegation and the European Commission, an Interfax correspondent said.

“We sent a formal proposal to Gazprom, stating that if Russia continues the previous price of $268, Ukraine will urgently repay its gas debts within ten days, but first we must sign an agreement,” Yatsenyuk said. The trilateral talks aimed at resolving the dispute are a step in the right direction, Barroso said.

We are expecting the date and trying to organize a trilateral meeting, and hope progress will be achieved before the end of May. No one is interested in developing this situation. Russia must not play energy games, the EC president said. The EU is keen on having constructive relations with both sides, which will be a win situation for all, Barroso said.

 

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