Russia firm about size of Ukraine’s gas debt, though eases up on schedule

Russia insists that Ukraine has to pay off $3.5 billion of gas debt which is counted on the basis of $485 price for the thousand cubic meters, said Russian Prime Minister Dmitriy Medvedev in an interview with Bloomberg on May 20. However, Russia agrees to reschedule the payments if Ukraine asks for it.

“We aren’t saying they have to pay $3.5 billion all at once, but give us a timetable for paying off these debts, especially since Ukraine has just received a tranche from the IMF, and both the Americans and Europeans have promised loans,” he said.

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