Russia cancels gas cut-off to Belarus after payment
AFP, August, 2007
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MOSCOW (AFP) — Russia and Belarus narrowly averted another energy crisis on Friday, reaching a last-minute agreement to cancel threatened cuts in Russian gas shipments that had rattled European nerves.
Russian gas giant Gazprom backed down from a threat to slash gas supplies by almost half to Belarus, a key energy transit state to western Europe, after Belarus began repayment of nearly half a billion dollars in overdue debt for past supplies.
"Today Beltransgaz has made the first payment for a significant part of the debt it owes Gazprom... The decision has been made to put off a reduction in gas supplies to Belarussian consumers," Gazprom said in a statement.
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Belarussian gas pipeline operator Beltransgaz told AFP it had paid 190 million dollars to Gazprom out of a total of 456 million dollars (333 million euros) in overdue debt.
Gazprom said in a statement it expected "full repayment of ...
