Monday, November 18, 2013

Russia and Ukraine Reach 'Compromise' Gas Payment Deal

Russia and Ukraine have reached a compromise deal allowing Kiev to alter its payment schedule for Russian natural gas imports, Ukrainian Energy Minister Eduard Stavytsky said Monday. The new agreement will allow Kiev to pay on time for energy deliveries, honoring its commitments to both Russian state-owned gas giant Gazprom and European consumers, Stavytsky told reporters in Ukraine. Kiev and Moscow have been locked in a bitter dispute over gas supplies that has prompted fears of a return to the winters of 2006 and 2009, when Russia temporarily halted gas deliveries to Ukraine and some European countries. Last week Ukraine said it was suspending the purchase of gas from Russia, and relying on supplies from its own storage facilities. But it backtracked on the announcement within days.

No comments:

Post a Comment