NJSC "Naftogaz of Ukraine" believes that the claims regarding the Company's past-due debt to RosUkrEnergo AG (supplier of natural gas to Ukraine) are incorrect, inadequate and considerably complicate current negotiation process between NJSC "Naftogaz of Ukraine" and Gazprom JSC on entering into contracts for natural gas supplies to Ukraine and transit thereof by Gazprom JSC to European consumers in 2009. Particularly, NJSC "Naftogaz of Ukraine" pays for the consumed imported gas to RosUkrEnergo AG which, in turn, transfers the funds to Gazprom fully owned subsidiary Gazprom-Export. Thus, Gazprom turns out to be the final recipient of funds paid by NJSC "Naftogaz of Ukraine" for imported gas.