icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
1 Aug, 2007 01:52

Belarus & Russia fail to resolve gas dispute

The dispute between Russia and Belarus over gas payments has analysts waiting for further developments, after talks between the two failed to resolve the impasse over a $US 500 MLN gas debt to Moscow.

Belarus is seeking a $US 1.5 BLN loan to help cover its debt, but Russian officials said they need more time to make a decision.

20% of Russia's gas exports to Europe go through Belarus, which missed a July 23 deadline to pay debts of $US 500 MLN.

This was run-up after Gazprom more than doubled prices at the start of this year.

Minsk has signed to import 21.5 BLN cubic meters of gas from Russia in 2007 at the price of 100 dollars per 1000 cubic metres.

Gazprom sells to the rest of Europe at $US 250 per 1000 cubic meters.