'ukraine'에 해당되는 글 2건

  1. 2008.11.23 Russia Gazprom: no gas for Ukraine without contract by CEOinIRVINE
  2. 2008.10.27 IMF pledges support for Ukraine and Hungary by CEOinIRVINE

MOSCOW, Nov 22 (Reuters) - Russia's gas firm Gazprom wwould like to avoid supply cuts to Ukraine in 2009 but will not continue deliveries without a new contract, Gazprom's spokesman Sergei Kupriyanov said on Saturday.

Russia has often threatened to cut gas supplies during pricing disputes with Ukraine and has fulfilled the threat in early 2006, briefly halting supplies to Europe, 80 percent of which go via Ukrainian territory.

Gazprom said on Thursday Ukraine must repay a $2.4 billion gas debt before new supply contracts are signed, raising fears the two sides face another battle in their gas war.

"We would like to avoid such a scenario (this time). We have time to reach an agreement before the new year but as you understand we cannot supply gas without a contract," Kupriyanov told Vesti 24 television channel.

Ukraine's state energy firm Naftogaz said its debt to RosUkrEnergo, a Russian-Ukraine intermediary gas trader, co-owned by Gazprom, amounts to only $1.27 billion.

Kupriyanov said the Ukrainian side counted only Sept-Oct debt while Gazprom included November debt as well as penalties. He denied there were major differences in the overall debt estimates.

"Everybody understands pretty well who owes to whom and how much," Kupriyanov said.

Ukraine and Russia are engaged in talks on a 2009 price for gas, currently set at $179.50 per 1,000 cubic metres. Kupriyanov said a market price for 2009 gas deliveries was $400 per 1,000 cubic metres.

GAS BURNING IN FURNACES

A memorandum signed in October by Prime Ministers Vladimir Putin and Yulia Tymoshenko sees a gradual transition to market pricing and direct supplies without intermediaries such as RosUkrEnergo.

Kupriyanov said direct supplies as well as lower gas prices for Ukraine in 2009 were only possible if other conditions set out in the memorandum, such as debt redemption in full, were met. He said Russia would not discount for the global crisis.

"If Ukraine's consumption drops, our deliveries will fall as well but it is not happening. Gas is burning in furnaces of Ukraine's economy as it had been before, therefore the crisis has nothing to do with it," Kupriyanov said.

Gazprom supplies a quarter of Europe's gas needs and sends one fifth of its total exports via Belarus with the rest going via Ukraine, giving both countries extra leverage over the firm in pricing disputes.

Kupriyanov said Gazprom's financial standing was sound, debt portfolio "healthy" with the share of short term loans only 14 percent, while a revision of the capital investment plan will not concern priority projects such as the Nord Stream pipeline. "We can talk about not receiving some of expected profit (from domestic operations). The demand is falling, warm weather in November has also played a role," Kupriyanov said.

He said the firm was in intense talks with Belarus and Moldova to switch to rouble payments. Gazprom supplied 15.32 bcm of gas to Belarus at $128 per tcm in Jan-Sept 2008 and 1.9 bcm to Moldova.

With the Russian rouble under depreciation pressure as a result of falling prices for oil, Russia's main export commodity, Russia is seeking to boost international demand for roubles from its ex-Soviet neighbours.

"The rouble is the most reliable currency. Our expenditure is also in roubles. Matching our revenues and expenses is a reasonable thing," Kupriyanov said.

He added that the transition will require changes to contracts with Belarus and Moldova. He said Russia was not yet talking about switching to roubles with Ukraine but it was "theoretically possible". (Reporting by Gleb Bryanski, Editing by Peter Blackburn)


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-- WASHINGTON AP) _ Seeking to combat a spreading global financial crisis, the International Monetary Fund said Sunday it had reached a tentative agreement to provide Ukraine with $16.5 billion in loans and announced that emergency assistance for Hungary had cleared a key hurdle.

The decisions were announced by IMF Managing Director Dominique Strauss-Kahn, who stressed that the 185-nation lending agency would act with speed to provide support for countries whose economies are being buffeted by the crisis.

Strauss-Kahn said the loan for Ukraine was designed to bolster confidence and noted that the assistance was sizable in relation to the country's borrowing rights with the IMF.

In a separate announcement, Strauss-Kahn said the IMF staff had reached broad agreement with Hungarian authorities on a reform package that the country will implement as a condition for getting its own emergency loans from the IMF. Agreement on reforms is a necessary first step in receiving IMF assistance.

Strauss-Kahn said the IMF was ready to approve a "substantial financing package" for Hungary within the next few days after all the details of the reform program are put in final form.

He said the IMF's executive board would consider loans for Hungary under expedited procedures. He did not give a figure for how large the IMF loan to Hungary would be.

In his comments on Ukraine, Strauss-Kahn said in a statement, "The IMF is moving expeditiously to help Ukraine and this program is focused on the essential upfront measures needed to maintain confidence and economic and financial stability."

The decision to aid Ukraine came two days after the IMF announced it was supplying a $2 billion loan package to Iceland, whose banking system has collapsed amid the global credit crunch.

Iceland, the first Western nation to receive IMF assistance in more than three decades, and Ukraine will both be given IMF loans in an effort to stabilize their economies.

The IMF's executive board is expected to consider in the coming week ways to streamline its emergency loan programs as it braces for a stream of petitions from countries seeking support.

President Bush and other leaders of the Group of 20 major industrial and emerging market economies will meet in Washington next month to discuss ways to overhaul the global financial architecture to better cope with the current financial crisis.

The ongoing global turmoil has resulted in the biggest upheavals on Wall Street in 70 years and prompted Congress on Oct. 3 to pass a $700 billion rescue package for the U.S. financial system. Britain and other European nations have put forward massive resources to stabilize their countries' banks.

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