Naftogaz Paid Half its Outstanding Debt to Gazprom

Ukraine's Naftogaz has paid half of its outstanding gas debt to Russia’s Gazprom, a source told Reuters.

Two weeks ago, the company said it could fail to pay Gazprom on time, citing delays in client payments.

The two companies reached a deal on gas prices in early January.

After suspending gas imports from Europe and drifting away from a free trade agreement with Brussels, Ukraine is reaping the benefits of stronger economic ties with Moscow.