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Belarus moves to pay Russian gas debt
POSTED: 11:33 a.m. EDT, August 4,2007
MOSCOW, Aug. 3 (Xinhua) -- Belarus' pipeline operator Beltransgas announced on Friday it had just paid 190 million U.S. dollars to a Russian gas company, in the first step to repay its huge gas debt amounting to 460 million dollars.

Beltransgaz's first deputy general director Tsvitomir Sorokhan said the sum was transferred to Russian gas giant Gazprom at 8.30 a.m. on Friday, Interfax news agency reported.

It is "technically impossible" to transfer the entire amount of the gas debt, almost 460 million dollars, in just one day, Sorokhan said.

A delegation from Beltransgaz was continuing negotiations in Moscow on a timeframe for paying back the remaining debt, he added.

Belarussian President Alexander Lukashenko said on Friday the debt would be paid up in full in the coming days and that the country's gold and currency reserves, a state credit from Venezuela and a credit from the Western banks would be used.

From: schednet
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