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Ukraine leader claims Russia behind on gas transit payments
RBC, 19.11.2009, Kiev 18:04:54.Russia has fallen $2bn-3bn short on its payments for gas transit via Ukraine to Europe, the Ukrainian president's press office cited Viktor Yushchenko's letter addressed to the Russian leader Dmitry Medvedev as saying. Furthermore, Yushchenko asserted that a non-market approach to setting the financial and economic terms of cooperation was the main reason behind Naftogaz of Ukraine's $4bn deficit. According to the president, if the contractual terms between Naftogaz of Ukraine and Gazprom remain unaltered in spring 2010, the Ukrainian company will not be able to prepare for the next heating season, which may threaten the reliability of gas supplies to Ukraine and its transit to European states. As a solution, Yushchenko suggested laying out an economically expedient base price and parameters for the formula, as well as setting a ceiling on the volume of Russian gas to be used based on the take-and-pay principle (for instance, up to 30bn cubic meters a year), while also taking the gas transportation system's technical capacity into consideration. He also urged the setting of an economically expedient transit rate adjusted for inflation, and a minimum of gas transit volume based on the pump-and-pay principle (for instance, at 100bn cubic meters a year).
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