Wednesday 11 June 2014

Ukraine Rejects Gas Offer as Talks End Without Deal - Bloomberg

Ukraine Rejects Gas Offer as Talks End Without Deal - Bloomberg:



"Ukraine rejected a Russian proposal for the price of future natural-gas deliveries as European Union-brokered talks in Brussels ended without an agreement.



Russia offered to supply gas for about 20 percent below the current price, a level Ukraine said was still more than it’s willing to pay, EU Energy Commissioner Guenther Oettinger said at a press conference after the three-way meeting. Russia’s energy minister said the country also wants $1.95 billion for past fuel supplies before June 16 or it may cut shipments.



“In the next 48 hours we’ll try to make progress, not waste time,” Oettinger said. “Monday is quite a way off so there’s still a good opportunity.”"



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