‘Ukraine Must Pay Gas Debts’ – EU Energy Commissioner – 26 May 2014

RT logoEU Energy Commissioner Guenther Oettinger said Ukraine needs to begin repaying its $3.5 billion gas debt to Russia and proposed a fair ‘market price’ of between $200-$400 per 1,000 cubic meters to resolve the dispute.

“The bills are on the table, and they must be paid,” Oettinger said on German radio station SWR on Monday after holding talks in Berlin with Russian Energy Minister Alexander Novak and Gazprom Deputy CEO Aleksandr Medvedev.

Oettinger suggests Ukraine use some of the $3.2 billion from its first IMF aid tranche and other EU assistance programs to start paying off its debt to Gazprom.

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