Friday, October 31, 2014

Business New Europe: Russia calls on EU to show money for Ukraine gas | Johnson's Russia List

(Business New Europe – bne.eu – October 29, 2014) Russia’s ambassador to the EU Vladimir Chizhov called on the EU to show Russia it has the money to pay for Ukrainian gas, before Russia renews gas supplies to Ukraine, which were cut after a dispute over pricing and arrears. The EU is set to disburse nearly $1bn by the end of 2014 in loans to Ukraine, and is looking to raise a bridge loan for the country.

“Where is the money?” I sincerely hope that the money will be shown this time,” Chizhov told Interfax, adding that he expected Ukraine to receive a bridge loan from the EU, because the next IMF tranche would be paid to Ukraine only in February 2015.”

Delay in payment of the next IMF tranche to Ukraine were confirmed by Ukraine’s finance minister at a conference in Kyiv October 29. Finance Minister Oleksandr Shlapak said that the next tranche could only be expected in 2015, because Kyiv would need time to form a new government capable of holding talks with the IMF.

Senior EU officials told the Wall Street Journal that it is preparing to disburse two loans of Û500mn and Û260mn by the end of 2015, which will help Kyiv pay debts to Russia’s Gazprom for past gas deliveries. The funds were agreed in the first half of 2014 as EU support for Ukraine having successfully launched a reform program. Final confirmation needed for disbursal of the Û500mn loan will depend on the International Monetary Fund approving Kyiv’s budget for 2015 as realistic, as well as EU approval of strengthening of Ukraine’s audit chamber to cover state companies. The funds come in addition to around Û850mn in loans already provided to Ukraine by the EU.

Complete story at - Business New Europe: Russia calls on EU to show money for Ukraine gas | Johnson's Russia List

CC Photo Google Image Search Source is www lngworldnews com  Subject is Myanmar China Gas Pipeline Officially Inaugurated

No comments:

Post a Comment

All comments subject to moderation.

Recommended Reading via Amazon



If you're seeking more information about how the world really works, and not how the media would want you to believe it works, these books are a good start. These are all highly recommended.

If you don't see pictures above, you likely have an adblocker running.  If so, here are the links.

1. The Shock Doctrine - Naomi Klein
2. Confessions of an Economic Hit Man - John Perkins
3. Manufacturing Consent - Edward Herman, Noam Chomsky
4. Gladio - NATO's Dagger at the Heart of Europe - Richard Cottrell
5. Profit Over People - Noam Chomsky
6. Soviet Fates and Lost Alternatives - Stephen Cohen
7. The Divide - American Injustice in the Age of the Wealth Gap - Matt Taibbi

How this works.  Follow one of the links.  Should you decide to buy that item, or any item, I get a small percentage, which helps to maintain this site.  Your cost is the same, whether you buy from my link or not.  But if the item remains in the cart too long, I don't get a thing.  
Related Posts Plugin for WordPress, Blogger...