Monday, 30 June 2014

Ukraine poised to sign gas supply agreement with Russia | CIS Tran Finance

Ukraine poised to sign gas supply agreement with Russia | CIS Tran Finance:



"Ukraine is poised to sign a gas agreement with Russia based on proposals made by the European Commission during negotiations in Kiev.



The commission proposed a repayment scheme in which Ukraine would pay Russian gas giant Gazprom $1 billion, settling the rest in six payments over the rest of the year, News.az reports.



The commission also recommended that the price be adjusted according to seasonal demand, meaning $300 per 1,000 cubic meters of gas during the summer and $385 during the winter."



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