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News // Oil and gas worldwide

Russia May Help Ukraine To Pay For Gas

02 March 2009 , 09:12Ksenia Kochneva892
"Some analysts say that the economic situation in Ukraine is virtually close to a collapse. If we feel that they are unable to pay, let's create a financial pool and help them with money. I believe this is a way out of the situation for all. There is a group of European financial institutions and we are also ready to participate," Medvedev said in an interview with the Spanish media on the eve of his visit to Spain.

In February, Ukraine's national energy company Naftogaz warned it might face problems paying for gas supplied by the Russian gas monopoly Gazprom as Ukrainian utility companies were delaying payments leaving the state-run gas firm short of funds.

Russian media reports said, citing sources in Gazprom that the monopoly could again cut off gas supplies to Ukraine if $400 million was not transferred by March 7.

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