Ukraine pays for Russian gas on time and in full

State-owned Naftohaz Ukraine timely paid Russia’s gas monopoly, Gazprom, the full amount of money for the import of gas used in November 2009.

The company received confirmation of payment from the corresponding bank.

Naftohaz confirmed once more its reputation as a reliable and steady partner.

"In spite of all the internal economic and political difficulties, the company is continuing along its strategic task: securing sufficient volumes of natural gas for Ukrainian consumers and fulfilling the uninterrupted transit of natural gas on the territory of Ukraine," announced Naftohaz.

As is generally know, acting Finance Minister Ihor Umansky , said that Naftohaz must pay $770 million to Gazprom for consumed natural gas in November. Should a late payment occur, the contract then changes to one stipulating advanced payments for gas.

Ukraine has not missed a payment to Gazprom yet for the supply of gas.