Putin: Gas supplies to Europe could suffer in 3-4 days if Kiev doesn’t pay

Wednesday, February 25, 2015
By Paul Martin

RT.com
February 25, 2015

Russia will cut off gas supplies to Ukraine if Kiev fails to pay in “three or four days,” President Vladimir Putin said, adding that this “will create a problem” for gas transit to Europe.

“Gazprom has been fully complying with its obligations under the Ukraine gas supply contract and will continue doing that,” Putin told reporters after talks with the president of Cyprus on Wednesday. “The advance payment for gas supply made by the Ukrainian side will be in place for another three to four days. If there is no further prepayment, Gazprom will suspend supplies under the contract and its supplement. Of course, this could create a certain problem for [gas] transit to Europe to our European partners.”

However, Putin expressed the hope that it would not come to that, stressing that “it depends on the financial discipline of our Ukrainian partners.”

He noted that Russia’s ministers and the CEO of Gazprom have “actively” reminded Ukraine of the looming deadline.

On Tuesday, Gazprom’s CEO Aleksey Miller reminded Ukraine’s state-owned Naftogaz of the gas prepayment. Miller said that Ukraine had not paid for March deliveries and warned that Kiev was risking an early termination of the advance settlement and a supply cutoff.

“It takes about two days to get payment from Naftogaz deposited to a Gazprom account. That’s why a delivery to Ukraine of 114 million cubic meters will lead to a complete termination of Russian gas supplies as early as in two days, which creates serious risks for the transit to Europe,” Miller said.

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