Gazprom has resumed gas supplies to Ukraine, its Chief Executive Alexei Miller said yesterday, bringing an end to a stand off that began when it halted deliveries in July over a pricing dispute between Moscow and Kiev. Miller said that gas supplies had been resumed yesterday morning after Gazprom received $234m of the $500m due in pre-payment for October gas deliveries.
Gazprom accounts for around a third of Europe’s gas needs and typically about half of that is pumped via Ukraine, which has had several disputes with Moscow over prices in the past decade. Last month, Russia and Ukraine signed a tentative deal on a so-called “winter package”, agreeing technical details and which is expected to be underwritten by Brussels.
Source: reuters