Ukraine can use EU aid to pay off Russian gas debt: officialMay 14, 2014 - 13:43 AMT PanARMENIAN.Net - Ukraine will be able to use the EU’s financial assistance to pay off its debt for Russian gas, a spokesman for the European Commission on economic and monetary affairs said Tuesday, May 13, according to RIA Novosti. "This is support for the Ukrainian budget with a view [to enabling Ukraine] to make the necessary payments in the energy sector," Simon O'Connor said. Ukraine and the EU were expected to sign an agreement on the provision of 1 billion euro in financial assistance to Kiev in Brussels on Tuesday, during a visit of the Ukrainian government officials. A Ukrainian government delegation, led by Energy Minister Yuriy Prodan, was also scheduled to discuss gas issues with EU energy commissioner Gunther Oettinger in Brussels. The sides were also expected to discuss the issues related to natural gas supplies from Russia to Ukraine and its transit to EU countries. Earlier Tuesday, Russian gas giant Gazprom sent an official notification to Ukrainian national oil and gas company Naftogaz about switching to advanced payment for gas supplies. If Ukraine fails to pay for June deliveries by June 2, Gazprom will cut off gas supplies from June 3. Ukraine has not paid for Russian gas for two months. According to Gazprom, Ukraine’s accumulated debt for previous deliveries totals $3.5 billion. On April 1, the price of Russian gas for Ukraine rose to $485 per thousand cubic meters from $268.50, as Russia withdrew two major discounts. Ukraine refuses to recognize the new gas price, which, Russia says, is fully in line with the contract that the two states signed in 2009. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |