Friday, July 25, 2014   

Gazprom withdraws Ukraine gas discount offered under Yanukovych deal
(03-04 18:49)

Russian energy giant Gazprom said it would end Ukraine's gas discount from April but proposed a loan of up to US$3 billion to Kiev to cover its debt.
A 30 percent discount had originally been negotiated by the deposed president Viktor Yanukovych, who is now in Moscow and has asserted his authority as head of state.
Russia is also a major supplier of gas to Europe.
“Gazprom took a decision not to extend the discount from the beginning of next month,'' Gazprom chief Alexei Miller said, ITAR-TASS news agency reported.
He added that the company would back “offering a Ukraine a loan worth US$2 to US$3 billion to cover its debt for last year and pay for current supplies.’’—AFP/The Standard
   
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