Open

Coming up

Don't miss

Replay


LATEST SHOWS

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

ENCORE!

Haute Couture: the hand-stitched clothing made in Paris that sells for the price of small yachts

Read more

IN THE PAPERS

'Caution, another Cast Lead lies ahead'

Read more

BUSINESS DAILY

Rising into the ranks of Haute Couture

Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Netanyahu resists international pressure to stop air strikes on Gaza

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

  • Kurdish forces take over two oilfields in northern Iraq

    Read more

  • Are French high school students getting smarter?

    Read more

  • Italy’s Trentin wins seventh stage of Tour de France

    Read more

  • Disgraced Suarez leaves Liverpool for Barcelona

    Read more

  • In pictures: Chanel, Dior and so much more at the Paris couture shows

    Read more

  • French ‘Civic Service’ eyes massive expansion amid huge demand

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • In Pictures: Petrol station hit by Hamas rockets

    Read more

  • Manhunt as FIFA partner flees Rio hotel to avoid arrest

    Read more

  • Video: Palestinians fear full Israeli military offensive in Gaza

    Read more

  • Ukrainian forces close in on Donetsk

    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

Comments

COMMENT(S)