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Ukraine Pays Gazprom $378 Million to Resume Gas Shipment

Ukraine said it transferred $378 million to Russia as an upfront payment for natural gas, money that should allow shipments interrupted for the past five months to resume.

NAK Naftogaz Ukrainy sent OAO Gazprom the money for 1 billion cubic meters, previously scheduled for import this month, the Ukrainian energy company said in an e-mailed statement today. Gazprom Chief Executive Officer Alexey Miller said on Oct. 31 that gas shipments to Ukraine would resume within 48 hours upon receipt of payment. Sergei Kupriyanov, a spokesman for Gazprom, had no immediate comment when reached by phone today.