Naftogaz of Ukraine lost in 2008 to more than $ 700 million, the Ukrainian government had provided “Naftogaz tax holidays Ukrainian Firm Flotation” Naftogaz “said her unexpected loss in 2008 amounted to over 5 billion hryvnia (over 700 million dollars).Approximately $ 100 million the company lost due to the devaluation of hryvnia in October-November 2008, UNIAN reported. In addition, because of their incomes “Naftogaz was forced to repay the debt for gas to foreign suppliers of thermal power utilities in Ukraine. 3 December it was reported that Naftogaz “has not been able to find 550 million dollars that he had to pay the company mediator RosUkrEnergo (50 per cent owned by Gazprom) for the delivered in September and October natural gas. Total Ukrainian group listed RosUkrEnergo 268,7 million dollars. Total before the end of 2008, Naftogaz should pay for gas supplies over three billion. Own means of repayment of the debt from Naftohaz not. The Government of Ukraine can not provide financial assistance to Naftohaz, as well as funds for this is not budgeted, and Western banks refuse to lend to the company. In addition, the Ukrainian customs officials accused the group of non-payment of taxes and fees in the budget for the portion of imported gas at $ 3 billion hryvnia. December 2, it was reported that Naftogaz “asked Gazprom deferment of payment of arrears for gas. The period for which payment may be deferred, as yet unknown. Earlier, representatives of Gazprom denied the possibility of postponement. The total debt of the Ukrainian side for supplying Russian fuel at 2.4 billion dollars (excluding debt payments and December). Gazprom expects that Naftogaz “fully pay its arrears before the end of December. Since then, the parties could resume talks on signing a contract for gas deliveries in 2009. Gazprom offered Naftogaz Ukrainy pay the debt off by transit fees Gazprom for the 2009-2010 years, transit maintaining rates at current levels – $ 1.7 prokachku 1 per thousand cubic meters per 100 km. However, in this case, the already scarce balance of payments Naftogaza lose guaranteed source dohoda.Pravitelstvo Ukraine provided NAK Naftogaz Ukrainy and its subsidiaries “Ukrgazdobycha” installments to pay taxes until October 1, 2009, said Minister of Fuel and Energy Yuri Prodan. “Naftogaz Ukrainy” is in a precarious financial position. As early as January 2008, Ukrainian Prime Minister Yulia Tymoshenko said that the company was on the verge of a technical default. President of Ukraine and the National Security and Defense Council decided to financial recovery Naftohaz. “Naftogaz is one of the largest taxpayers in Ukraine. Reducing the volume of imports, customs clearance and late payment of VAT on imported natural gas caused a decline in contributions to the budget in recent times.
