Russia, Belarus settle gas debts.

By bne IntelliNews June 25, 2010
After Belarus transferred USD 187mn to repay the debt for natural gas supplies to Russian gas monopoly Gazprom, the daily supplies of gas to Belarus resumed at normal volumes (they were cut by 15%, 30% and 60% on three days preceding the debt payment, respectively). At the same time, Gazprom transferred USD 228mn in order to settle the debt for gas transit through Belarus territory. The transfer was confirmed by Minsk, however, Belarus estimates the debt at USD 260mn noting that only 87% of the owed amount was covered. While gas transit through Belarus continues normally (this week Lithuanian gas major Lietuvos Dujos reported 40% decline in gas supplies due to gas being diverted in Belarus), there is still a possibility of Belarus limiting gas transit from Russia if the issue is not solved.

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