Government hopes to sign long-term gas agreement with Russia

18:05, 27 March 2008
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By autumn of the current year

The Cabinet of Ministers of Ukraine hopes for signing with Russia a long-term agreement on supplying gas to Ukraine before autumn of the current year, according to the government’s press-service. This was disclosed by Prime Minister of Ukraine Yulia Tymoshenko at the meeting with the diplomatic corps.

“We hope that a strategic long-term agreement on supplying natural gas to Ukraine will be signed as soon as possible and this issue will be solved before autumn,” Yulia Tymoshenko said.

As the PM of Ukraine says, regardless of the fact that the gas issue is regulated there are several problems the solving of which should be searched in the further negotiating process between Ukraine and the Russian Federation.

According to Yulia Tymoshenko, all the present gas agreements signed with Russian side regulate the supply of natural gas to Ukraine only for 2008. At the same time, according to Yulia Tymoshenko, Ukraine continues negotiations aiming at signing strategic long-term agreements between two states including predictable approaches for gas price formation.

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