BELARUS NEWS AND ANALYSIS

DATE:

02/08/2007

Lukashenko orders repayment of Russian gas debt within days

MINSK, Aug 2 (Prime-Tass) -- Belarusian President Alexander Lukashenko said Thursday that his country would repay its debt for Russian natural gas in the coming days, ITAR-TASS reported.

"I have ordered the government to take U.S. $460 million from a reserve fund and to pay Russia for gas," Lukashenko said, as quoted by ITAR-TASS.

The statement comes just one day after Russian natural gas monopoly Gazprom announced it was cutting supplies to Belarus by 45% starting Friday due to the outstanding debt.

Gazprom said that Belarus owed it $456.16 million for gas supplied in January-June. The 45% cut would bring gas supplies down to the value of what Minsk was actually paying, Gazprom said.

Source:

http://www.prime-tass.com/news/show.asp?topicid=68&id=424567

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