Gazprom Gets $1.2 Billion from Ukraine

Russia's natural gas monopoly giant Gazprom has reached a deal on resolving Ukraine's debt for natural gas, Gazprom said October,9 2007. Russian Prime Minister Viktor Zubkov said Ukraine will pay $1.2 billion of the $2 billion debt by transporting natural gas from its underground storage areas to Gazprom conglomerate. The rest of the gas debt will be paid by natural gas suppliers in the Ukrainian market, Zubkov added.