Russia, Ukraine to Sign Contract for Gas Supply and Transit

Business | January 19, 2009, Monday // 00:00
Russia, Ukraine to Sign Contract for Gas Supply and Transit: Russia, Ukraine to Sign Contract for Gas Supply and Transit Russian Prime Minister Vladimir Putin (R) and his Ukrainian counterpart Yulya Timoshenko (L) are expected to sign Monday the contract for deliveries and transit of Russian gas through the Ukraine. Photo by BGNES

Russia and the Ukraine are expected to sign Monday the contract for deliveries and transit of Russian gas through the Ukraine, a source from the Russian Cabinet has reported, cited by the Russian information agency Interfax.

The contract would be signed by Russian Prime Minister Vladimir Putin and his Ukrainian counterpart Yulya Timoshenko.

Putin and Timoshenko held talks Sunday evening, reaching the agreement that both countries must do everything within their powers to resume as early as Monday Russian gas supplies via the Ukraine for consumers in Europe.

The Russian PM further announced, at the conclusion of the bi-lateral talks, that in 2009 the Ukraine would be able to purchase Russian gas for their own needs at a 20% discount, under the condition Kiev would maintain the preferential prices for fuels transits through their territory. On January 1, 2010, Moscow and Kiev are to begin applying European prices for the delivery and the transit of natural gas.

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