Ukraine to get US$15 bln from Russian gas transit within five years – energy minister

In total, Ukraine will get about US$18 billion in five-year term, including US$3 billion in cash before the New Year.

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Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel has said Ukraine will get about US$15 billion from the transit of Russian gas within five years.

"The estimated income, which Ukraine gained at this meeting [negotiations between Ukraine and Russia on gas transit], is over US$3 billion in arbitration + about US$3 billion for transit per year within five years," he wrote for the Ukrainian online publication Ekonomichna Pravda

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"In total, we will get about US$18 billion in five-year term, including US$3 billion in cash before the New Year. And this is without the enslaving conditions for the acquisition of Russian gas," Orzhel added.

As UNIAN reported earlier, on December 21, following trilateral negotiations in the Ukraine-EU-Russia format, Orzhel said the parties had concluded a protocol that provided for the implementation of a number of agreements.

In particular, a new contract for the transit of Russian gas to Europe via Ukraine will be concluded for a period of five years with the possibility of its extension for ten years.

Naftogaz by year-end will have received from Russia's Gazprom about US$2.9 billion in monetary compensation in line with the Stockholm arbitration award, given that the agreements reached during the negotiations are fulfilled.

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