Gazprom delays onset of prepayment regime for Ukraine by one week

Gazprom confirmed on Monday receipt of the first tranche of Naftogaz Ukrainy's payment for gas equal to $786 million.

"We welcome the start to repayment by Ukraine and reschedule the prepayment regime for June 9," Gazprom CEO Alexei Miller told journalists.

"Introduction of the prepayment regime will depend on repayment of the debt for gas delivered prior to April 1 totaling $2.237 billion, a portion of which was paid today, and from progress in payment for deliveries in April and May. Payment for May must be made before June 9," Miller said.