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MA MasterCard Incorporated

443.58
2.48 (0.56%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
MasterCard Incorporated NYSE:MA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  2.48 0.56% 443.58 445.26 436.90 444.85 3,711,007 01:00:00

Medvedev: Russia Should Cancel 2010 Pact and Ask Ukraine to Repay $11 Billion for Gas

21/03/2014 5:19pm

Dow Jones News


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MOSCOW--Russian Prime Minister said Friday Russia should cancel its 2010 agreement with Ukraine on natural gas, and seek billions of dollars in compensation from the country.

The 2010 agreement fixed a discount on the selling price of natural gas from Russia to Ukraine in exchange for Russia's use of the naval base in Sevastopol, Crimea. The lease agreement for Russia's naval base in Sevastopol was to expire in 2035.

Mr. Medvedev said the agreement cost Russia $11 billion in lost profits, and that the sum should be reclaimed from Ukraine's budget, as now Sevastopol is part of Russia.

The Russian premier said Ukraine's overall debt to Russia amounted to $16 billion, which included the $3 billion loan that Russia granted the country in December and about $2 billion that Ukraine owes natural gas monopoly Gazprom for its gas.

"In my opinion, we cannot afford to lose this money since our budget is experiencing certain difficulties as well," the prime minister said.

Write to Alexander Kolyandr at alexanderkolyandr@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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