Ukraine has paid to Russia for gas supplies in November after the government is converting their dollars in special drawing rights (SDRs) of IMF, it is clear from the release of Naftogaz Ukraine. Naftogaz paid in full its obligations to Russia, has told the Bloomberg spokesman for the Kiev-based company. But he did not specify the exact amount of the transferred amount. Gazprom spokesman confirmed the information, also without revealing the value of the transfer. On December 2, Finance Minister of Ukraine said that the government is converting SDR two weeks earlier and in time will pay 770 million for supplies of blue fuel. On November 12 he said his country wants to convert 800 million SDRs at 1.28 billion dollars. Ukraine relies on Russia for around 70% of its energy needs and ensure the transit of about 80% of the quantities exported Russian gas to Europe. Under the agreement with Gazprom to Naftogaz to pay for supplies to Ukraine at 7th day of the month following delivery. The country already uses SDR once payment with Russia.
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