Gazprom Announces Termination of Supplies to Ukrainian Naftogaz

Russian gas company Gazprom has ceased operations with Ukraine’s Naftogaz. The decision was made public by the Deputy Chairman of the Board of the Russian company, Alexander Medvedev.

According to Medvedev, Gazprom returned funds to pay for gas supplies to Naftogaz in March 2018 due to a previously unannounced contractual agreement.

He also stressed that since March 1, gas supplies have not restarted. Medvedev added that Gazprom received funds from the Ukrainian Naftogaz, but no additional agreement was made to the current contract. The Russian side has returned the funds to Naftogaz in full.

It was reported that it could resume buying gas from the Russian transnational corporation Gazprom in the first quarter of 2018, but this has not yet happened.

Dimitri Dolaberidze