Russia, Ukraine reach compromise over gas price and debt, Oettinger says

After a number of unsuccessful negotiations, Ukraine and Russia finally reached compromise at the talks with the European Union in Berlin on September 26.

According to the preliminary agreement, Ukraine will have to repay $2.1 billion to Russian Gazprom in October and another $1.1 billion by the year end while the price for gas will stay at $385 per 1,000 cubic meters, Energy Commissioner of the European Union Gunther Oettinger said at the press-conference after the talks, Interfax-Ukraine new agency reported. Oettinger also expressed high hopes for the agreement to be formalized soon by the governments of Ukraine and Russia.

“By the end of next week we can have a binding protocol,” Oettinger was quoted as saying.

For the full story, please visit The Kyiv Post.

(Photo: EC Audiovisual Service)