Gas deadline passes for Ukraine; no deal


The 6:00 a.m GMT deadline for Ukraine to pay its $1.95B bill to Russia's Gazprom (OGZPY) has passed. Ukraine now faces a potential shut off to its supply, as all gas going forward must be prepaid.

The gas also flows through Ukraine to additional parts of Europe, threatening the supply in a number of other countries.

The two attempted to continue the EU-brokered talks yesterday evening, although they could not settle their pricing dispute.

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Comments (5)
  • Puma69
    , contributor
    Comments (160) | Send Message
     
    Ukraine wants to dictate the terms, only because they have USA on their side.
    16 Jun 2014, 03:59 AM Reply Like
  • tayana
    , contributor
    Comments (8) | Send Message
     
    This is what happens when you dont pay your gas bill.

     

    I wonder why they are now claiming the deal they signed before was overmarket price?
    Was that the difference between the Ukranian politicians kickback and the market price one wonders.

     

    The EU and US support has not helped resolve this issue.
    Ukraine isn't mature enough for Western membership yet
    16 Jun 2014, 09:30 AM Reply Like
  • Jason Cawley
    , contributor
    Comments (5844) | Send Message
     
    It is June. Gas for heat is not exactly a burning issue at the moment.
    16 Jun 2014, 10:17 AM Reply Like
  • youngdub774
    , contributor
    Comments (152) | Send Message
     
    Stoves?
    16 Jun 2014, 11:05 AM Reply Like
  • Jason Cawley
    , contributor
    Comments (5844) | Send Message
     
    Minor in amount - heat over the winter is where bulk amounts of the stuff are used.

     

    From a recent news report "Ukraine itself has enough reserves to last until December, according to the chief of Ukraine's state gas company Naftogaz."
    16 Jun 2014, 11:57 AM Reply Like
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