Russia Extends Gas Debt Deadline to Ukraine

Russia’ Gazprom has given Ukraine more time to settle its gas bill after receiving a part payment of $786m (£469m).

The company had previously threatened to halt shipments of gas unless Ukraine paid its bill in full and agreed in future to pay in advance.

Gazprom says Ukraine still owes it almost $2.5bn.

Negotiations between the two sides will resume now that a part payment has been made.

Ukraine announced on Friday that it had made a payment, but has refused to settle the full amount in protest against Gazprom’s recent 80% price increase.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza