KIEV: ‘ AGREEMENT OVER PROVISIONAL GAS PRICE REACHED WITH RUSSIA ‘

#AceFinanceNews – UKRAINE (Kiev) – October 19 – Ukraine’s president confirmed that an agreement had been reached with Russia on a provisional price for gas deliveries during the winter months at Friday talks in Milan, AFP reports.

On the basis of consultations, I can say that Ukraine will have gas, will have heating,” Petro Poroshenko said in an interview to Ukrainian television on Saturday.

According to the president, the new price will be $385 dollars (300 euros) per 1,000 cubic meters, down from the current price of $485.

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` Vladimir Putin Voices Hope for Settling Ukraine’s Debt ‘

#AceFinanceNews – MOSCOW – May 28  – Russian President Vladimir Putin has voiced hope for settling a dispute with Ukraine that could cut off Russian gas supplies to Europe.

In televised remarks at Wednesday’s Cabinet session, Putin signalled that Russia could negotiate new terms for gas shipments to Ukraine if it pays off part of its debt.

Energy Minister Alexander Novak reported at the session that Ukraine must pay $2 billion before Friday and another $500 million before June 7. Once Ukraine makes the first payment, Russia could negotiate a price discount for future supplies, he said.

Moscow has ratcheted up pressure on Ukraine after its pro-Russian president was chased from power in February after months of protests. Since then, Russia annexed Ukraine’s Crimean peninsula and a pro-Russia insurgency has engulfed eastern Ukraine.

Moscow Times

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