Russia, EU, Ukraine reach deal on gas - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Russia, EU, Ukraine reach deal on gas

Posted: Updated:
Ukrainian Energy Minister Yuri Prodan talks on Friday about gas supply negotiations with Russia. (Source: EbS/CNN) Ukrainian Energy Minister Yuri Prodan talks on Friday about gas supply negotiations with Russia. (Source: EbS/CNN)
  • InternationalMore>>

  • China reports deadly attack in northwest

    China reports deadly attack in northwest

    Tuesday, July 29 2014 9:37 PM EDT2014-07-30 01:37:14 GMT
    A mob armed with knives rampaged through part of China's volatile northwestern region of Xinjiang and police responded with gunfire, leaving dozens of people dead in the latest violence blamed on Islamic...
    A mob armed with knives and axes rampaged through part of China's volatile northwestern region of Xinjiang and police responded with gunfire, leaving dozens of people dead in the latest violence blamed Islamic...
  • China: Ex-security czar Zhou under investigation

    China: Ex-security czar Zhou under investigation

    Tuesday, July 29 2014 9:17 PM EDT2014-07-30 01:17:27 GMT
    China's Communist Party says it has launched an investigation into a former domestic security chief who was once among the country's most feared leaders.
    China's ruling Communist Party announced an investigation into a feared ex-security chief, demonstrating President Xi Jinping's firm grip on power and breaking a longstanding taboo against publicly targeting the...
  • US, Europe impose tough new sanctions on Russia

    US, Europe impose tough new sanctions on Russia

    Tuesday, July 29 2014 6:53 PM EDT2014-07-29 22:53:08 GMT
    European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.
    Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks....

BERLIN (EbS/CNN) - After a week of intense negotiation, the EU, Russia and Ukraine have reached a partial agreement to avoid a gas supply disaster.

EU Energy Commissioner Gunther Oettinger, Ukrainian Energy Minister Yuri Prodan and Russian Energy Minister Alexandre Novak met in Berlin.

Ukrainian authorities agreed to pay $786 million to settle some debts for Russian gas imports.

The deal ensures Russia's state-owned Gazprom will keep delivering critical natural gas supplies to Ukraine and Europe.

Roughly 15 percent of Europe's gas demand is supplied by Russia via Ukrainian pipelines.

The gas dispute between Moscow and Kiev comes as violence flares in parts of eastern Ukraine between government forces and pro-Russian militants.

Ukraine and Russia were tied in a massive gas dispute. Russia accused Ukraine of owing billions in unpaid bills and threatened to cut off supplies starting in June. Europe was caught in the mess because roughly 15 percent of Europe's gas demand is supplied by Russia via Ukrainian pipelines.

Ukraine's $786 million payment covers two months of gas supplies, showing Russia the country was serious about settling its debts.

Russia's energy minister Novak said that once the payment arrives on Monday, talks will resume to settle the dispute over Ukraine's gas bills for an additional four months. They are also working to agree on the price of future gas deliveries.

The talks were held in an attempt to avoid a repeat of gas cuts caused by previous disputes between Russia and Ukraine in 2006 and 2009.

According to U.S. intelligence, 10,000 Russian troops are still standing at the border between the two countries. But in the last several days about 30,000 Russian troops moved back to their home bases.

Ukraine had been running out of money to pay its gas bills and was facing bankruptcy early this year. The key reason it is now able to repay its debts is through assistance from the International Monetary Fund, the World Bank, the European Union and the U.S. government.

Copyright 2014 EbS via CNN. All rights reserved.

  • Russia, EU, Ukraine reach deal on gasMore>>

  • Crisis in Ukraine

    Crisis in Ukraine

    The tensions between Ukraine, Russia and the U.S. have increased after a passenger airliner crashed in an region controlled of pro-Russian rebels.
    The U.S. will sanction Russia after weeks of tension between Ukraine and Russia. Crimea voted to become a Russian region, while pro-Russian protestors continue to seize buildings in the eastern part of Ukraine.
Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.