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Putin Offers Compromise to Break Russia-Ukraine Gas Deadlock

Putin said Ukraine could receive Russian gas at existing lower prices until April and then switch to the four-fold increase being demanded by state-controlled gas giant Gazprom.

    "I will instruct the government and Gazprom to ensure gas deliveries in the first quarter of 2006, with the conditions and rates of 2005. The condition is that before the end of today, the Ukrainian partners sign the contract with Gazprom's offer for switching to market prices in the second quarter."

"Treason doth never prosper: what's the reason?
For if it prosper, none dare call it treason."

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'Sapere aude'

by Oui (Oui) on Sun Jan 1st, 2006 at 06:37:30 AM EST
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EU Countries feel Impact of Russian gas cuts

BRUSSELS (RTE News) Jan. 1, 2006 -- EU nations have started to feel the impact of Russia's decision to cut its gas supplies to Ukraine. Russia's state-run firm Gazprom cut Ukrainian supplies by a quarter after Kiev refused to sign a new contract seeking a 400% price increase.

Hungary and Poland were the first EU states to have supplies disrupted.

Read on ...

Gazprom and Beltransgaz signed contract on supply and transit of gas in 2006
Cedric Brown, non-executive chairman at Eural Trans Gas

"Treason doth never prosper: what's the reason?
For if it prosper, none dare call it treason."
 

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'Sapere aude'

by Oui (Oui) on Sun Jan 1st, 2006 at 06:34:31 PM EST
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