Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

French growth grinds to a halt over strikes

Read more

IN THE PAPERS

Norway will 'move mountains' for Nordic neighbor Finland

Read more

IN THE PAPERS

French media ban on naming jihadists: 'Good intention, bad result'

Read more

EYE ON AFRICA

Gigantic snails are a delicacy in Ivory Coast

Read more

MEDIAWATCH

Hollande and Valls tell Trump: 'France is still France!'

Read more

THE DEBATE

It's all about Trump: How effective will the Democratic Party campaign be?

Read more

FOCUS

Indian women on frontline of battle against alcohol

Read more

FRENCH CONNECTIONS

35 hours: Are French workers lazy?

Read more

INSIDE THE AMERICAS

Race to the White House: Hillary Clinton's popularity problem

Read more

Europe

Government denies being unable to pay gas bill

Text by News Wires

Latest update : 2009-12-26

Ukraine on Saturday said there was no truth to claims by Russian gas giant Gazprom that Ukraine would not be able to pay its energy bill for the month.

AFP - Ukrainian Prime Minister Yulia Tymoshenko on Saturday denied accusations by Russian gas export giant Gazprom that Kiev may not be able to pay its energy bill this month due to a cash crunch.

"We -- Ukraine -- are clearly and confidently managing our financial life during the crisis," the Interfax news agency quoted her as saying.

Gazprom chief executive Alexei Miller said Friday that Ukraine had cut back on purchases of Russian gas since mid-December and appeared to be facing "serious problems with payment."

But the Ukranian prime minister said: "Such statements have been made at the end of every month for at least the last year."

Ukraine has until January 11 to pay for gas, according to Gazprom, which has cut off supplies to the country over unpaid bills repeatedly in the past.

The International Monetary Fund extended a 16.4-billion-dollar credit in November 2008 to help Kiev cope with a severe slump amid the global financial crisis.

But the fund is withholding the next tranche of its stand by credit -- by far the country's biggest source of foreign income in 2009 -- due to concerns over political infighting in the run-up to the presidential election.

Last January, a gas pricing dispute between Russia and Ukraine led to a halt of Russian gas supplies across much of Europe for two weeks as severe winter temperatures plunged. Russian gas to Europe transits through Ukraine.

Russian Prime Minister Vladimir Putin has repeatedly said that Moscow will cut gas supplies to Ukraine again if the struggling ex-Soviet nation fails to pay for its energy supplies.

Last month, Putin and Tymoshenko vowed at a meeting in the Ukrainian resort town of Yalta that there would be no repeat of the gas crisis in 2010.

Ukraine has been hard hit by the global economic crisis which triggered a massive slump in its export-dependent heavy industrial sector.
 

Date created : 2009-12-26

  • RUSSIA - UKRAINE

    Gazprom says Kiev faces 'serious problems' paying for gas

    Read more

  • GAS

    Embattled Ukraine leader says Europe won't be left in the cold

    Read more

  • DIPLOMACY

    Putin says compromise gas deal reached with Ukraine

    Read more

COMMENT(S)