Russia’ Gazprom has given Ukraine more time to settle its gas bill after receiving a part payment of $786m (£469m).
The company had previously threatened to halt shipments of gas unless Ukraine paid its bill in full and agreed in future to pay in advance.
Gazprom says Ukraine still owes it almost $2.5bn.
Negotiations between the two sides will resume now that a part payment has been made.
Ukraine announced on Friday that it had made a payment, but has refused to settle the full amount in protest against Gazprom’s recent 80% price increase.
via BBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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