Russia cuts off power supplies to Ukraine rebels: Kyiv | Rapid News Network
Markin said the pilot had crossed the Ukraine-Russia border without the necessary documents shortly after the shelling.
Naftogaz stopped buying gas from Russia’s Gazprom last week after energy ministers from Kyiv and Moscow failed to agree on quarterly prices. “Gazprom will not deliver gas to Ukraine at any price without prepayment”, he said.
For Ukraine, gas prices have always been dictated through the pricing of Gazprom, which has fluctuated according to the political relations of Kyiv with the Kremlin. The plan was to have Naftogaz pay $247 per thousand cubic meter of gas, $40 below Gazprom’s current market rate.
Addressing Ukraine’s Parliament on July 3, Martin Schulz, the president of the EU Parliament, referred to the breakdown in the talks in Vienna on Tuesday over the reduced size of the discount that Russia’s Gazprom was offering cash-strapped Ukraine.
Much like Greece, Ukraine has made a threat to stop making payments to its creditors unless a proposal for a $19 billion writedown of bonds is accepted.
For now, at least, Kyiv has room to make such bargains because, with summer just begun, the country’s demand for gas is at an annual low, giving it the opportunity to bargain for better terms.
“That money was not being paid”, Demchyshyn said. It has an especially rich history in eastern Europe; the Russian Czars possessed a legendary and priceless amber room which was stolen from St. Petersburg by German Nazis in the Second World War. Ukraine imported a third of its total gas from Russian Federation in the first six months of this year, the national pipeline operator said Wednesday.
Ukraine has said it has found cheaper supplies from other European nations, which resell the gas they have gotten from Russian Federation. Moscow, however, says it is illegal for its customers to sell these “reverse supplies”, as they are called.
Ukraine, which is struggling to balance its budget amid protracted fighting against Russia-backed separatists in the east, relies heavily on gas for its metals and machinery industries.
With the focal points being anti-corruption, constitution, economy, European Union integration, healthcare, and rule of law, the AMU will undoubtedly serve as a stable partner during a time of economic strife and further clashes internally and with Russian Federation.
Ukrainian President Petro Poroshenko greets police officers at a swearing-in ceremony in Kyiv Ukraine