Do More With Reuters
Partner Services

Sweden downplays EU gas payment loans to Ukraine

Thu Nov 5, 2009 1:58am IST
 
Email | Print | | Single Page
[-] Text [+]

WASHINGTON, Nov 4 (Reuters) - The European Union is not responsible for loaning money to Ukraine to help the country pay for Russian natural gas supplies this winter, Sweden's Enterprise and Energy Minister said on Wednesday.

Russian Prime Minister Vladimir Putin has repeatedly called on the European Union to help with Ukraine's gas problems by providing financial assistance.

"That's not our role," Sweden's Maud Olofsson told Reuters TV in Washington. "The role for the European Union is to secure the energy supply for Europe," she said.

Olofsson, whose country currently holds the rotating 6-month EU presidency, said Putin's warnings that Russian gas supplies to Ukraine may be disrupted if Kiev does not make its energy payments should be taken seriously.

"But on the other hand, this is a matter of discussion between Ukraine and Russia," she said.

Olofsson said the European Union is focused on developing its own energy sources "so we are more secure by ourselves."

The European Union depends on Russia for its winter natural gas supplies, a big chunk of which is transported by pipeline through Ukraine.

Russia cut off natural gas supplies to Western Europe via Ukraine in January 2006 and again in January 2008 because of a dispute with Ukraine over gas prices and payments. (Reporting by Tom Doggett; Editing by Christian Wiessner)

India Investment Summit 2009
India Investment Summit 2009

Top executives and bankers discuss their own plans and the broader opportunities and challenges for India during the Reuters India Investment Summit in Mumbai and Bangalore.  Full Coverage | Blog 

Hugh Hefner
PLAYBOY SALE
An icon bows to changing times

With his Playboy Enterprises in talks to be sold for about $300 million, the 83 year-old Hugh Hefner will be giving up control over the iconic adult entertainment empire he founded that was instrumental in shaping society's opinions on nudity, sex and free speech.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SPECIAL REPORT

Himangshu Watts
India's food dilemma

Indian farms are failing to attract capital or talent, either from rich landlords or the students who graduate from agricultural universities.  Full Article | Related Story 

showcase

U.S. Recession
U.S. Recession

A trip through the epicenters of the American recession.  Full Coverage 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage 

 
T P Raman
Column - RBI leads the world

Reserve Bank of India's approach ring-fenced the banking system.   Full Article 

 
Funding Blues
Funding Blues

A popular tactic used by Indian brokerages to raise money for rich clients is likely to be banned.  Full Article 

 
Not Enough Jobs
Not Enough Jobs

Venture capital creates jobs, but not enough.  Full Article 

 
Column - A Sweet Dream
Column - A Sweet Dream

There are good reasons for Ferrero to consider a combination with Cadbury.  Full Article