Saturday 31 May 2014

Ukraine Edges Toward Russia Gas Deal as Eastern Clashes Persist - Bloomberg

Ukraine Edges Toward Russia Gas Deal as Eastern Clashes Persist - Bloomberg:



"Russia and Ukraine moved closer to a deal that would keep gas flowing between the countries even as they spar over Russian support for separatists seeking to break away from the government in Kiev.



After talks brokered by the European Union in Berlin, Ukraine made its first payment in months to Russia’s OAO Gazprom (OGZD), transferring $786 million to pay for gas received in February and March. While debts and future payments remain in dispute, EU Energy Commissioner Guenther Oettinger welcomed yesterday’s steps as “building blocks for a package that, given the evident goodwill of all parties today, doesn’t seem out of reach.” Talks are due to continue next week. 




In eastern Ukraine, the army is fighting to regain control from the pro-Russian separatists. Insurgents killed a Ukrainian soldier and wounded two in an attack on a military vehicle in the Kharkiv region, the National Guard said on its website yesterday. A group of about 80 rebels attacked a border post in Luhansk, Interfax-Ukraine said. A day earlier, the separatists downed a military helicopter, killing a general and 13 soldiers."



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