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Gazprom demands Ukraine gas payment

  • Gazprom (OGZPY) is demanding Ukraine settle an overdue bill for natural gas supplies of almost $900M, raising concerns of a repeat of supply cuts to Ukraine that disrupted deliveries to Europe twice in recent years.
  • Gazprom CEO Alexei Miller says Ukraine hadn't paid for August supplies, despite Gazprom extending a payment deadline to the start of October, and that the company could start demanding advance payments.
  • The country relies on Russia for almost all its gas imports and transports the bulk of Russia's gas deliveries to Europe.
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