Business Services Industry

RUSSIA: REQUIREMENT TO SELL HARD-CURRENCY REVENUE FROM GAS SALES TO YUGOSLAVIA BY "GAZPROM" PUT OFF.(Brief Article)

IPR Strategic Business Information Database, May, 2000

When he still served as Russian Prime Minister, Vladimir Putin, signed an order which waived Gazprom's obligation to sell hard-currency revenues from gas sales to Yugoslavia until the end of 2000. The reason for the waiver were Yugoslavia's debt for gas purchased from "Gazprom", which together with the Russian Ministry of Finance and Central Bank will agree on the terms to resolve the problem.

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