Belarus Redeemed The Debt for Russian Gas

In July, Russian gas monopoly Gazprom threatened to reduce supplies to Belarus for not paying $465 million for gas deliveries in the first half of 2007.

From July onward, Belarus said it would pay for gas deliveries on a monthly basis at the new price.

Belarus is seeking to borrow up to $1.5 billion from Russia to help its economy withstand the higher gas prices. -Neftegaz.RU