18/07/2024

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Russia’s Gas Transit Payment Goes Through After Oil Glitch

Russia’s Gas Transit Payment Goes Through After Oil Glitch

Russia’s payment to Ukraine for normal fuel transit this month has gone by way of without the need of difficulties, even following a glitch with a identical oil transaction, in accordance to men and women familiar with the condition.

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(Bloomberg) — Russia’s payment to Ukraine for normal gasoline transit this thirty day period has long gone by way of devoid of problems, even soon after a glitch with a identical oil transaction, according to individuals common with the condition.

State-operate Gazprom PJSC despatched its normal monthly payment to Ukraine’s NJSC Naftogaz Ukrainy last week and it has been acknowledged, according to persons on equally sides, who questioned not to be named as the info isn’t public. 

Traders were on edge about attainable disruptions to the important payment after shipments by way of one particular department of the Druzhba oil pipeline were halted in early August after a economical transfer from Russia to Ukraine was snarled for the reason that of European sanctions. The challenge was resolved past week.

Browse: Russia Resumes Oil Flows to Central Europe as Fee Is Paid

Representatives for Gazprom didn’t respond to a request for remark. Naftogaz had no comment.

Russia is squeezing its fuel provide to Europe, pushing power charges to records and driving a value-of-residing crisis. Flows by means of the major pipeline, Nord Stream, are at just 20%, although transit through Ukraine is also effectively under regular.