Meanwhile, Gazprom Sends Ukraine A New Invoice

Tyler Durden's picture




 

As the day of the IMF's release of funds to Ukraine draws near - solving all their problems with yet more debt, we are told to believe - Russia's Gazprom has gently reminded the Ukrainian government that it owes them... $3.49 billion! and its due the 7th day of May!

 

  • *GAZPROM SAYS UKRAINE OWES $3.49B FOR GAS AS OF APRIL 30

As Bloomberg reports,

Gazprom preliminary estimate includes bill for natgas supplied in April, spokesman Sergei Kupriyanov says by e-mail.

 

The deadline for monthly payments 7th day of next mo., according to supply contract

 

Gazprom estimates Ukraine’s overdue debt through March at over $2.2b

 

Ukraine imported ~2.6bcm of natgas in April, Bloomberg calculations based on data from Russian Energy Ministry’s CDU-TEK unit; gas valued at ~$1.3b, based on current price charged by Gazprom

 

Gazprom raised price for Ukraine to $485/kcm as of April 1 vs $268.50/kcm

Just how is Washington going to cope when all it's "aid" is flushed straight through to the nation whose economy it is trying to cause "costs" to via sanctions...?

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Wed, 04/30/2014 - 09:39 | 4711637 Looney
Looney's picture

Tick-tock… The clock is ticking… On April 10, Putin gave the EU 30 days to pay for the Ukrainian gas ($2.2 Billion) and to start paying IN ADVANCE for all future gas sales to Ukraine.

Tick-tock… There are only 10 days left and the NEW amount is $3.5 BILLION!!!

Tick-tock…

Tick-phuckin’-tock… ;-)

Looney

http://www.zerohedge.com/news/2014-04-10/putin-warns-europe-no-alternative-will-cut-gas-supplies

 

Correction: only 7 days left! ;-)

Wed, 04/30/2014 - 10:56 | 4711993 Patriot Eke
Patriot Eke's picture

Call me crazy too, but something tells me Putin will keep his word.  His "red lines" will not be like Obama's.

Edit:  How much does timber go for these days?  Maybe Europe can profit by clear cutting some forest.  The Russian tanks will appreciate it too.  /sarc

Wed, 04/30/2014 - 10:57 | 4712017 knukles
knukles's picture

If I don't pay my gas bill, they shut it off.
So WTF is new here?
Russians are bad because they wanna be paid?
Ukraine is a deadbeat?

BFD

Wed, 04/30/2014 - 11:03 | 4712068 SAT 800
SAT 800's picture

I'm Rootin for Putin !  Are you too ?

Wed, 04/30/2014 - 18:54 | 4714103 StychoKiller
StychoKiller's picture

I'm beginning to think that Kerry and the Obamatron are Russian moles!

Wed, 04/30/2014 - 20:51 | 4714430 knukles
knukles's picture

Just beginning?

Wed, 04/30/2014 - 10:52 | 4711997 Bernoulli
Bernoulli's picture

Love it

Wed, 04/30/2014 - 09:51 | 4711725 Mark Carney
Mark Carney's picture

A sign of things to come.

 

Gold price shock will come soon enough when the bigs start taking hits.........LIKE NOW!

Barrick Gold Corp (ABX.TO:Quote) reported a dramatic drop in first-quarter earnings on Wednesday 

 

First-quarter profit at Barrick Gold shrank 90 per cent, underscoring the tough environment for world’s largest gold producer following the end of merger talkswith its closest rival.

Wed, 04/30/2014 - 11:29 | 4712205 dogbreath
dogbreath's picture

with 32% of this  http://www.mining.com/newmont-acquires-ownership-of-novo-resources-98483/

 

Newmont is stupid to merge with ABX

Wed, 04/30/2014 - 10:03 | 4711794 JRobby
JRobby's picture

Date: Year 5.5 of the realization of being fucked for all time.

Well they waited until summer anyway...............surly this whole thing can be sorted out in 6 months...........

Wed, 04/30/2014 - 10:07 | 4711811 swmnguy
swmnguy's picture

Surly indeed.  And stop calling me Francine.

Wed, 04/30/2014 - 10:48 | 4711978 nowhereman
nowhereman's picture

So German industries that rely on natgas just go on extended vacation until this gets sorted out?  Didn't I read somewhere that the EU is turning away from Nuclear power and converting to natgas?  Watch for brown outs this summer when the airconditioners shut down and the old folks begin to perish in France.

Wed, 04/30/2014 - 10:19 | 4711853 SAT 800
SAT 800's picture

I'm Rootin for Putin ! Let's make it a chant. Let's go viral. Get bumper stickers. Go to Washington and chant "We're Rootin for Putin". Who's with me?

Wed, 04/30/2014 - 11:05 | 4712086 mendolover
mendolover's picture

I might if it didn't mean Russia and China up OUR ass someday.

Wed, 04/30/2014 - 16:49 | 4713686 Oracle 911
Oracle 911's picture

I need to inform you, they are already there. So go ahead and chant and say thanks to the Western "leaders". :)

Wed, 04/30/2014 - 09:37 | 4711642 yogibear
yogibear's picture

Putin needs to increase the prices for the rest of Europe and not accept the US dollar or Euro.

Wed, 04/30/2014 - 09:43 | 4711670 NoDebt
NoDebt's picture

And send the invoice with a hand-written note that reads: "I must break you."

 

Wed, 04/30/2014 - 09:53 | 4711735 SumTing Wong
SumTing Wong's picture

And to think I was pissed about my property tax bill that came in last week. Hell it isn't even half of what Ukraine owes to Gazprom, so I'm probably in good shape.  

Wed, 04/30/2014 - 09:43 | 4711671 toady
toady's picture

And what about the petrodollar? Surely there would be consequences!

Wed, 04/30/2014 - 10:16 | 4711841 SAT 800
SAT 800's picture

One can only hope.

Wed, 04/30/2014 - 15:44 | 4713454 silvermail
silvermail's picture

And what about the petrodollar? Surely there would be consequences!

And what about the retrodollar? Surely there would be consequences!

 

Wed, 04/30/2014 - 10:17 | 4711844 SAT 800
SAT 800's picture

"Fuck off or Freeze"; would be good.

Wed, 04/30/2014 - 11:03 | 4712073 mendolover
mendolover's picture

WE are going to be fucking off and freezing thanks to these amateur bastards if they don't cut this shit out!

Wed, 04/30/2014 - 10:31 | 4711904 bonin006
bonin006's picture

Russia should just sanction adjust the NG price to all of Europe to go up at say 150% of the cost of US/Euro sanctions on it. That should end this farce in a hurry.

Wed, 04/30/2014 - 10:57 | 4712018 ILLILLILLI
ILLILLILLI's picture

Line item on bill:

"Sanction Surcharge"

Wed, 04/30/2014 - 11:11 | 4712113 SAT 800
SAT 800's picture

Perfect. Love it.

Wed, 04/30/2014 - 09:40 | 4711657 q99x2
q99x2's picture

Is Greece going to default.

Wed, 04/30/2014 - 09:45 | 4711678 NoDebt
NoDebt's picture

Unless you are the EU or the IMF, they already did.

Wed, 04/30/2014 - 09:40 | 4711658 jvetter713
jvetter713's picture

How is this worrisome?  If I could just print 100's each month to pay my bills i'd be golden.

Wed, 04/30/2014 - 09:44 | 4711677 Al Huxley
Al Huxley's picture

Exactly.  All the 'financial system bullshit' is mostly just geared towards complicating things enough that people miss the obvious truth.  Russia's countermove, as suggested - don't accept payment in infinitely printable currencies.

Wed, 04/30/2014 - 11:15 | 4712122 CrashisOptimistic
CrashisOptimistic's picture

That's coming, Al.

The gold wackos on ZH will be crushed when what the Russians demand in no way involves gold.

They'll demand shipped food.  Maybe cut rate labor for washing bathrooms.  Nannies for changing diapers.  Pretty much treat the EU foreign workers as the Saudis treat their Bangladeshi and Philippines labor.

Wed, 04/30/2014 - 18:58 | 4714118 StychoKiller
StychoKiller's picture

How you say "scroobing boobles" in Russian (translated from Polish?)

Wed, 04/30/2014 - 09:41 | 4711659 Sudden Debt
Sudden Debt's picture

JEEEZz!!! HOW MUCH GAS ARE THOSE GUYS USING???

ARE THEY RUNNING GASS CHAMBERS OR SOMETHING???

Wed, 04/30/2014 - 11:02 | 4712063 mendolover
mendolover's picture

No yet.

Wed, 04/30/2014 - 09:41 | 4711662 Bill of Rights
Bill of Rights's picture

Do they execpt Food Stamps?

Wed, 04/30/2014 - 09:41 | 4711663 Notsobadwlad
Notsobadwlad's picture

Ukraine should tell Gazprom to either get the money from the previous Russia backed government or send them into collection. I am sure the nasty-grams and phone calls from the collection agency will give them nightmares.

... Ukraine could probably care less what it does to their "credit score".

Wed, 04/30/2014 - 09:45 | 4711680 Al Huxley
Al Huxley's picture

...but there is an outside chance they might need some natural gas next month.

Wed, 04/30/2014 - 10:50 | 4711987 CrashisOptimistic
CrashisOptimistic's picture

I think the figure was 44% of their electricity is generated from nat gas.

The rest coal.

And they don't generate enough for their consumption; the rest comes from the Russian grid.

Wed, 04/30/2014 - 09:46 | 4711688 DeadFred
DeadFred's picture

Yes, it's warm this time of year, why do they need gas anyway?

Wed, 04/30/2014 - 18:59 | 4714122 StychoKiller
StychoKiller's picture

Lotta businesses & electric generators use Natgaz...

Wed, 04/30/2014 - 10:16 | 4711843 JRobby
JRobby's picture

Credit score (hysterical laughtrack in the background getting louder and louder)

FICO = Fair (a word with no actual meaning) Isaac (a Biblical character, son of Abraham) Corporation ( a non=person entity created to shield actual personal entities from liability)

Wed, 04/30/2014 - 13:36 | 4712805 scam_MERS
scam_MERS's picture

Just send the water bill for Crimea to Putin, that should about cover it.

Wed, 04/30/2014 - 09:44 | 4711672 Billy Sol Estes
Billy Sol Estes's picture

Just like Comcast, the bill keeps growing for the same service provided.

Wed, 04/30/2014 - 09:59 | 4711775 toady
toady's picture

But competition was supposed to ensure that prices would come down!

Wed, 04/30/2014 - 10:19 | 4711854 swmnguy
swmnguy's picture

Erm, yeah.  About that competition.

Last year Comcast switched our local signal to all digital, so we had to get Digital Transport Adapters for all TVs.  I found it worked OK on my 20 years-old analog tv in the bedroom, but the signal looked horrible on my HDTV set.  I also found with the digital tuner, the HDTV didn't need to use the DTA. Just hooking the cable out of the wall into the tv, I got full HD on the local channels.  I have the cheapest plan, $24.50/month, and I get all the local channels and sub-channels, plus some crap like CNN, WGN, WTBS, and the public service junk.

Last week I saw Comcast's service truck in the alley, messing with something on the pole.  Yesterday morning all channels came up blue on the HDTV, with the word "Scrambled" floating around.  Only one channel worked; Comcast's channel, telling me I needed the DTA.  So I got the DTA out of the basement and put it inline.  It works, but the picture is terrible.  It's all at VHS-tape resolution at best, either 3:4 with bars on the side, or undersized 9:16, with black all around all 4 siides.  Clearly they converted the signal to all-digital last year, but yesterday they started scrambling the signal, and the DTA unscrambles it but down-converts it to a low-definition signal that looks OK on a 20 year old standard-def tv but looks awful on a modern tv.

Tech support was, as expected, worthless.  They ended up telling me to go to their local store.  OK.  No doubt they'll tell me that's just how it is, unless I subscribe to a higher level of service and rent a set-top descrambler box that won't down-convert the signal.  So they've pulled an overnight devaluation of my service.

Oh, well.  Looks like I'll be getting out the tinfoil and coat hangers, and saving myself $24.50 a month.

Wed, 04/30/2014 - 10:40 | 4711952 Cathartes Aura
Cathartes Aura's picture

consider TeeVee as addictive as crack, and Comcast is the supplier.

don't give 'em space in your mind, especially when you have to pay THEM for their use of that space. . .

Wed, 04/30/2014 - 11:15 | 4712132 TheMeatTrapper
TheMeatTrapper's picture

Gave up cable a long time ago. NetFlix and Roku keep the wife and kid placated. Anything I want to watch is so obscure it has to be downloaded anyway. 

Wed, 04/30/2014 - 11:34 | 4712224 StrangerThanFiction
StrangerThanFiction's picture

Get an antenna and drop cable. I'm south of Montréal and I get 25 channels off the air all HD 720p and 1080i, better than cable.

Wed, 04/30/2014 - 19:03 | 4714131 StychoKiller
StychoKiller's picture

Radio is still free and better stations can be found on the internet! (http://www.kuvo.org)

Do NOT follow this link or you will be banned from the site!