March 5, 2018 / 4:00 PM / in 4 months

Ukraine's Naftogaz can afford non-Russian gas in April: official

KIEV (Reuters) - Ukraine’s Naftogaz has enough money to pay for gas from European countries in April instead of buying cheaper gas from Russia if a dispute between Ukraine and Russia continues, Naftogaz Chief Commercial Officer Yuri Vitrenko said on Monday.

FILE PHOTO: The logo of the Ukrainian national joint stock company NaftoGaz is seen outside the company's headquarters in central Kiev, Ukraine, March 15, 2016. REUTERS/Valentyn Ogirenko

Speaking at a briefing, Vitrenko also said Naftogaz’s contracts with Russia’s Gazprom were unlikely to be broken before they expire in 2019.

Gazprom said last week it would end contracts with Ukraine after a Stockholm arbitration court ordered it to pay more than $2.5 billion to Naftogaz.

Reporting by Pavel Polityuk; writing by Matthias Williams; Editing by Adrian Croft

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