Select date
Russia & Ukraine strike last-minute gas transit deal to avoid stoppage of energy supplies to Europe
Russian and Ukrainian state energy majors Gazprom and Naftogaz have reached a breakthrough agreement to continue the transit of Russian natural gas to European countries using the Ukrainian pipeline network.
The two sides signed the documents on Monday following a marathon five days of negotiations in Vienna, with the old agreement due to expire on December 31.
Last week, Russia and Ukraine reached an agreement “in principle” to extend the gas contract, and they have been working on the final documents since then. The delegations had to determine how Russia’s Gazprom will cooperate with the Ukrainian operator of the national gas system, and how the transit of the blue fuel will be organized, as well as finalizing an agreement to drop reciprocal claims.
DETAILS TO FOLLOW
