Russia and Ukraine agree on gas deal

10:03, 03 October 2008
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Setting a three-year transition period towards market prices on gas

Ukraine and Russia agreed yesterday to set a three-year transition period towards market prices on gas that Kyiv buys from Russia and on transit for gas pumped through Ukraine to Europe, according to Financial Times.

A top Ukrainian official said Ukraine would pay between $250-$300 per 1,000 cubic metres next year, significantly lower than the $500 (?354, £281) rate Gazprom said it charges Europe.

The agreement came in talks between Yulia Tymoshenko, Ukrainian premier, and Vladimir Putin, Russian prime minister, amid efforts in Ukraine to save Kiev`s pro-western coalition.

Ms Tymoshenko said both sides agreed to remove middlemen companies from their multi-billion dollar gas trade.

Financial Times

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