26 May 2007 - 12:44
  • News Code: 105577

Belarus will finish paying off its debt to Russian gas company Gazprom before July 23, Belarusian First Deputy Prime Minister Vladimir Semashko said May 25.

The debt accrued because Belarus has been paying 55 percent of the contractual price since January. Semashko promised to transfer $400 million to Gazprom"s accounts before the July deadline. Under an agreement signed in December 2006, Gazprom will acquire a 50 percent share -- worth $2.5 billion -- in Belarus" gas pipeline network by June 1, 2010.

 

PIN/STRATFOR.COM

News Code 105577

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