As the day of the IMF’s release of funds to Ukraine draws near – solving all their problems with yet more debt, we are told to believe – Russia’s Gazprom has gently reminded the Ukrainian government that it owes them… $3.49 billion! and its due the 7th day of May!
- *GAZPROM SAYS UKRAINE OWES $3.49B FOR GAS AS OF APRIL 30
As Bloomberg reports,
Gazprom preliminary estimate includes bill for natgas supplied in April, spokesman Sergei Kupriyanov says by e-mail.
The deadline for monthly payments 7th day of next mo., according to supply contract
Gazprom estimates Ukraine’s overdue debt through March at over $2.2b
Ukraine imported ~2.6bcm of natgas in April, Bloomberg calculations based on data from Russian Energy Ministry’s CDU-TEK unit; gas valued at ~$1.3b, based on current price charged by Gazprom
Gazprom raised price for Ukraine to $485/kcm as of April 1 vs $268.50/kcm
Just how is Washington going to cope when all it’s “aid” is flushed straight through to the nation whose economy it is trying to cause “costs” to via sanctions…?
via Zero Hedge http://ift.tt/R2P6ZY Tyler Durden