Yatseniuk: the Cabinet of Ministers banned Naftogaz to import gas from Russia

KIEV, November 25. The Cabinet has banned Naftogaz to import gas from Russia. This was reported today at a meeting of the Cabinet of Ministers Prime Minister of Ukraine Arseniy Yatsenyuk.

“The Cabinet decided to authorize Naftogaz to stop buying Russian gas. And they (Russia) got confused: it’s not us they stopped supplying gas, we stopped buying”, he said.

According to him, this is done in the first place, because the price position of our European partners “much better.”

Risks for transit

As previously reported, on Wednesday, Gazprom halted gas supplies to “Naftogaz of Ukraine” to the new charges. The refusal of Ukraine purchases gas poses risks for gas transit to Europe and gas supply to Ukrainian consumers, told journalists the Chairman of Board “Gazprom” Alexey Miller.

“Today as of 10 a.m. “Naftogaz of Ukraine” have chosen a prepaid volumes of Russian gas. New pre-payment has not been received. Bids for the supply of gas from “Naftogaz of Ukraine” no. Thus, deliveries continue until the proceeds from the Ukrainian company of new payments. At the same time already now, before the onset of severe cold weather, Ukraine began active selection of gas from underground storage facilities, which were insufficiently filled. Refusal to purchase Russian gas poses serious risks to reliable gas transit to Europe through Ukraine and for gas supply to Ukrainian consumers during the coming winter”, – he said.

Gas supplies to Ukraine, which was interrupted in the third quarter of 2015 at the initiative of the Ukrainian side, were resumed on October 12 after receipt of payment in the amount of $234 million of the promised $500 million in October.

As previously reported, on 25 September in Brussels, the EU-Ukraine-Russia agreed to supply Ukraine 2 billion cubic meters of Russian gas. Deliveries were to commence from 1 October. “Naftogaz of Ukraine” noted that the funds for gas for the account of “Gazprom” will be transferred gradually, in small tranches.