KYIV, Dec 7 – Oleksiy Chernyshov, the head of Naftogaz Ukrayiny, estimates losses in natural gas production due to Russian shelling of the group's gas production facilities in November at $700 million.

"Losses in gas production are estimated at about $700 million. The volume that we could not produce due to the breakdown of our equipment causes additional complexity and additional demand for this resource from other countries," he said during an EBRD-organized discussion on stabilization and restoration of Ukraine.