Friday, October 31, 2014

Ukraine, Russia and EU Reach Gas Supply Deal

The terms include the EU acting as guarantor for Ukraine's gas purchases from Russia and helping to meet outstanding debts. The total package is worth $4.6bn (£2.87bn), with money coming from the International Monetary Fund as well as the EU. The total includes funds from existing accords with the EU and IMF. Ukraine will pay $378 per 1,000 cubic metres to the end of 2014, and $365 in the first quarter of 2015. Read more>>>