Russia, China agree on $25 billion prepayment under supply deal: Gazprom

Fri May 23, 2014 4:33am EDT
 
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ST PETERSBURG, Russia (Reuters) - Russia and China have agreed on a $25 billion prepayment under a supply deal signed earlier this week, Alexander Medvedev, chief executive of Gazprom Export, said on Friday.

"A prepayment has been agreed, agreed in principle, details are being discussed. It's $25 billion," Medvedev told journalists on the sidelines of the St Petersburg International Economic Forum.

Russia and China signed a 30-year gas supply contract, worth a total of more than $400 billion, earlier this week during President Vladimir Putin's visit to the country.

(Reporting by Katya Golubkova; Writing by Lidia Kelly)

 
Alexander Medvedev, Deputy Chief Executive of Russia's Gazprom pauses as he attends a news conference in Berlin, May 19, 2014. REUTERS/Fabrizio Bensch