Volodymyr Demchyshyn

Russia, Ukraine Sign New Gas Agreement under Favorable Conditions

Russia and Ukraine have signed a new temporary gas agreement. Over the next three months the latter will buy the fuel at a price of USD 248 per 1,000 cubic meters, marking a decrease from the previously agreed price of USD 329. The policy will be implemented in the second quarter of the current year and the subsequent negotiatiations will follow.

Russia, Ukraine meet to settle gas deal

The EU said it hoped for a "positive outcome" in talks in Brussels on March 2 between the Russian and Ukrainian energy ministers aimed at resolving a gas supply dispute threatening deliveries to Europe.

Russian state-owned gas giant Gazprom threatened last week to cut deliveries to Ukraine and divert supplies instead to eastern parts of the country controlled by pro-Kremlin rebels.