Statement by the European Commission following the meeting of EU Commissioner Günther Oettinger, Russian Energy Minister Aleksandr Novak and Ukrainian Energy Minister Yuriy Prodan

EU News 244/2014

Berlin, 26 May 2014
STATEMENT/14/175

Substantial progress has been made today. However, there is no breakthrough yet.

The following solution is proposed subject to confirmation by Russian and Ukrainian authorities and gas companies until Wednesday 28 May 2014:

“Naftogaz commits to pay an amount of 2 billion US-Dollars by Friday 30 May 2014 and 500 million US-Dollars by Saturday 7 June as partial payments of the outstanding bills covering the period from November 2013 till March 2014 as well as the months of April and May 2014. These amounts have to be paid to the Gazprom bank account.

Upon receipt of the first payment the consultation on the new gas price as of April 2014 shall start. Gazprom agrees to continue to supply gas for June without insisting on prepayment.”

Subject to endorsement on these next steps a third round of political talks could take place on Friday 30 May 2014.

Source and additional information:
http://europa.eu/rapid/press-release_STATEMENT-14-175_en.htm?locale=en

File Photo: Günther Oettinger Date: 21/05/2014 Reference: P-025644/00-23 Location: Brussels - EC/Charlemagne (C)EU, 2014 URL

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