Tuesday 27 September 2016

Russia may offer gas price discount, loans to Greece - Russian reports

Published 07/04/2015 | 07:28

Greek Prime Minister Alexis Tsipras gestures during a cabinet meeting at the parliament building in Athens. Photo: Reuters
Greek Prime Minister Alexis Tsipras gestures during a cabinet meeting at the parliament building in Athens. Photo: Reuters

Russia may offer Greece a discount on gas deliveries and new loans when Greek Prime Minister Alexis Tsipras visits Moscow this week, the Kommersant business daily has reported today, citing one source in the Russian government.

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A Kremlin spokesman said last week that Russian President Vladimir Putin and Tsipras planned to discuss economic ties and EU sanctions on Moscow when they meet for talks, which Kommersant said would take place on Thursday.

"We are ready to consider the issue of a gas price discount for Greece," the newspaper said quoting an unnamed Russian government source.

Read more here: IMF confident Greece will pay loan tranche  

Russia's state-controlled producer Gazprom declined to comment. The Energy Ministry also declined to comment.

The source said that in exchange for the discount and some unspecified loans, Russia would want access to Greek assets. The source did not name any specific assets.

Read more here: Greece moves to quell IMF default fears, pledges to meet 'all obligations'  

In recent weeks, the gas price charged by Gazprom has fallen, tracking lower oil prices.

Gazprom said it wanted to acquire DEPA in 2013 but dropped its bid after failing to receive enough guarantees over DEPA's financial position.

Reuters

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