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. Last Updated: 07/27/2016

No Advances for Ukraine

Gazprom must reject any requests from Ukraine for advance payment of gas transit fees after already prepaying more than $2.2 billion, President Dmitry Medvedev said Monday.

The company must uphold its transit agreement with Ukrainian state energy company Naftogaz Ukrainy, he told Gazprom chief Alexei Miller, after the CEO confirmed that the accord did not call for advance payment.

“We should act in accordance with the obligations the sides assumed,” Medvedev said. “These are not the easiest times.”

(Bloomberg)