UKRAINE: Russia and Ukraine reached an agreement on Thursday night over Russian deliveries of natural gas. The standoff between the two nations had raised fears that supplies of Russian gas to Europe, much of which is piped through Ukraine, might be interrupted. The EU-brokered deal set out terms for Ukrainian payments for gas already consumed, as well as for future deliveries. only minor grammatical stuff. structure unchanged This content is embeddable: European Union in Ukraine via Facebook Breakthrough: Agreement 4.6 billion zabespechyt gas for Ukraine and the EU After seven rounds of negotiations on gas perhovory that took place last night and are moderated by the European Commissioner for Energy Günther Ettinґer led to a breakthrough; between Russia and Ukraine agreed winter package in the amount of 4.6 billion. US., which guarantees gas for Ukraine and eventually to Europe. I am glad that I can announce prospect of great success at the end of my stay in the seat of the President of the European Commission - said Jose Manuel Barroso, who witnessed the signing of the winter package. - With our strong support for Ukraine and Russia reach agreement on outstanding issues with their energy debts, as well as an interim solution, which allows for the continuation of supplies this winter. I am glad that the political responsibility, the logic of cooperation and simple economic sense prevailed. Ettinґer, in turn, said that the breakthrough not only ensures proper heating Ukraine during the fierce winter. It also contributes to the de-escalation of the situation between Russia and Ukraine, - said the European Commissioner. Winter package consists of the following two documents: • Zobov`yazalnoho protocol signed by the European Commission (Vice President Ettinґerom), Russian Federation (Minitrom Energy Alexander Novak) and Ukraine (Minister of Energy and Coal Industry Yuriy Prodan); • Annex to the current gas supply contract signed by Russias Gazprom (Alexei Miller) and Ukrainian Naftogaz (Andrew Kobolyevym). The package applies to the period from now until the end of March 2015. It consists of the following major points: 1. Debts: Ukraine will solve their problems with debt, based on the previous price of 268.5 US dollars. 1,000 cu. m. of gas through two payments: the 1.45 billion. US., which will be made without delay, and 1.65 billion. US., which will be implemented by the end of this year. Thus the need to repay the debt of 3.1 bln. USD. The final price and consequently the final debt will be determined by considering the dispute between Gazprom and Naftogaz in the Arbitration Institute of the Stockholm Chamber of Commerce; 2. New gas: Russia will deliver gas after payment and monthly payments. Price - less than 385 dollars. 1,000 cu. m .; It is calculated using the formula in the current contract and the decline in price due to discount export tolls Russia. Ukraine can order as much gas as it needs; it assumes no obligation to purchase the product or pay underexposure, as provided in the applicable contract. By the end of this year, Kyiv planning to buy 4 billion. Cu. m. of gas; this is equivalent to the amount of 1.5 bln. USD. In recent weeks, the European Commission has worked intensively with international financial institutions and Ukraine to help Kyiv prepay for gas supplies this winter. Bezpretsendentni level of EU assistance would be provided in a timely manner. Meanwhile, the International Monetary Fund assured Ukraine that it can use all the financial zaosby which it has to pay for gas. Further work with international financial institutions for financial assistance to Ukraine, including the one relating to the supply of gas, will continue. All three parties were assured that Ukraine has the necessary financial means.
Posted on: Fri, 31 Oct 2014 09:04:43 +0000