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Gazprom CEO Aleksey Miller (Image courtesy of Gazprom)

Gazprom CEO Aleksey Miller said if the Ukraine does not prepay its gas bills by June 2, exports to Ukraine will be halted the next day.

Miller told Russian PM Dmitry Medvedev on Monday that a preliminary June bill will be issued to Ukraine’s Naftogaz on May 13.

According to Miller, Kiev already owes Gazprom more than $3.5 billion.

Miller said, “In case Ukraine does not pay for the June supplies, Gazprom will notify the Ukrainian side, before 10am on June 3, and the volume of gas will be supplied to Ukraine in accordance with the advanced payment.”

Medvedev stated that it is “time to stop nursing” Ukraine as he urged Miller to switch to advance payment as early as May 13.