According to Energy Minister of Ukraine, Yuriy Prodan, Ukraine is now prepared to provide Europe with transit gas in the future. The gas will be taken from Russia.

“The Ukrainian side is technologically ready to supply transit natural gas from the Russian Federation to Europe in the future, even after Russia halts gas deliveries to Ukraine,” Prodan was quoted by the ministry’s press service as saying after a meeting with Slovakian Economy Minister Pavol Pavlis.

A few months prior to Yuriy Prodan’s declaration, Russian company Gazprom, which is the largest extractor of natural gas in the world implemented a forced prepayment scheme for gas deliveries to Ukraine after countless failed attempts in negotiating new pricing and debt repayments in June.

The Russians compromised a $100 discount to the contract price, which brought it down to $385, along with a phased debt repayment scheme. Ukraine declined the offer, as they were dissatisfied  with the discount mechanism. Ukraine’s gas debt is estimated to be more than $5 billion today.

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