New Ukraine-Russia gas talks in Brussels this week: sources

Image
AFP Brussels
Last Updated : Sep 30 2014 | 11:20 PM IST
A new round of EU-brokered talks between Ukraine and Russia aimed at restoring Kiev's gas supplies during winter will take place in Brussels at the end of this week, sources said today.
Ukraine has still refused to give the green light to a deal that appeared to been reached with Moscow during the previous round of talks in Berlin on September 26, they said.
The new talks are due to take place on Thursday or Friday in Brussels, sources close to the matter told AFP on condition on anonymity.
Ukrainian Energy Minister Yuriy Prodan is due to arrive on Thursday in Brussels for bilateral talks with EU energy commissioner Guenther Oettinger, while his Russian counterpart Alexander Novak is due in the Belgian capital the same day, the sources said.
Russia froze natural gas deliveries to Ukraine in June in a dispute over payments, against a backdrop of five months of conflict between Kiev and pro-Moscow rebels that has cost more than 3,200 lives.
After the Berlin talks, EU energy commissioner Guenther Oettinger said a compromise deal would see Russia ship at least 5.0 billion cubic metres of gas to Ukraine over a six-month period in exchange for an early payment of USD 3.1 billion (2.4 billion euros).
But Russia said the $3.1 billion would be used to cover a USD 5.3-billion debt Ukraine incurred last year due to both its financial problems and a refusal to pay the higher rate, and it would eventually also have to pay for the new gas.
Ukraine then backed away from the deal in recent days, vowing to keep fighting over both the gas price and Moscow's claim that Kiev owed it billions of dollars in debt.
"No final decision was adopted. Not a single document was signed -- period," Naftogaz state energy firm chief Andriy Kobolev wrote in a Facebook post.
The gas dispute has frayed nerves not only in Kiev but also in Brussels ahead of the winter, as some eastern EU members are largely dependent on Russian gas pumped through Ukraine.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 30 2014 | 11:20 PM IST

Next Story