In November 2017, Ukraine Stopped Buying Russian Gasoline Straight
Kiev’s debt dates back to 2007 after it failed to pay an Italian provider for gasoline. When Ukraine was unable to pay the $21 million owed, the Italian firm went to the European Arbitration Court docket in Stockholm, which ordered the arrest of gasoline provides bound for Ukraine’s state gasoline monopoly Naftogaz, in accordance with Ukrainian media.
In November 2015, Ukraine stopped shopping for Russian gasoline straight. Instead, the country began purchasing reverse provides of Russian gasoline from Europe. At first, alcohol from petroleum Kiev claimed European gasoline was cheaper, however later Naftogaz admitted that Gazprom provided a more engaging price than European suppliers. Deliveries from Europe to Ukraine are the identical gasoline that Gazprom sells to alcohol from petroleum Eastern European nations at a decrease price.
Slovakia, which has seized the gasoline to be shipped to Kiev, is Ukraine’s largest re-vendor of Russian gasoline, according to Naftogaz.
Based on Ukrainian media ZN.ua, quoting data from Naftogaz, this yr Ukraine purchased eight billion cubic meters of gasoline from Slovakia, which quantities to almost 40 % of all gasoline imports. Naftogaz says no country has more than a 30 percent share of the Ukrainian vitality market.
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