In 2004, Transnistria had debts of US$1.2 billion (two-thirds are with Russia) that was per capita about six times higher than in Moldova (without Transnistria). In March 2007 the debt to Gazprom for the acquisition of natural gas increased to US$1.3 billion. On 22 March 2007 Gazprom sold Transnistria's gas debt to the Russian businessman Alisher Usmanov, who controls Moldova Steel Works, the largest enterprise in Transnistria. Transnistria's president Igor Smirnov has announced that Transnistria will not pay its gas debt because "Transnistria has no legal debt to Gazprom". In November 2007, the total debt of Transnistria's public sector was up to US$1.64 billion.