Belarus Owes Russia's Gazprom $125 Million for Gas Deliveries

© Sputnik / Mikhail Voskresenskiy / Go to the mediabankGazprom office building
Gazprom office building - Sputnik International
Belarus owes Russia's energy giant Gazprom $125 million for gas deliveries for January-April 2016, Russian Energy Minister Alexander Novak said Thursday.

Russia’s energy giant Gazprom - Sputnik International
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MOSCOW (Sputnik) — Belarusian Energy Minister Vladimir Potupchik, however, said Thursday that Minsk does not recognize the debt before Gazprom.

"We don't have any sort of debt, we pay in line with the intergovernmental agreement," Potupchik told journalists in Belarus.

"There is a debt before Gazprom for delivered gas and this debt over the last four months is more than $125 million," Russian Energy Minister Novak told journalists in Moscow.

Potupchik explained that Russia and Belarus interpret the intergovernmental agreements differently in pricing, where Minsk has been basing the cost on market prices sonce January 1, 2015, and Moscow on a so-called Yamala price.

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