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News // Companies

Russia, Ukraine Cant Stop Quarreling

10 January 2006 , 10:31487
Russia and Ukraine have signed a deal on gas supplies just for the next six months, which raises the possibility of more prices disputes and gas supply cuts to Europe this year.

Under the deal, the price Russia pays for transporting gas across Ukraine, the route for 80 percent of its exports to Europe, has been fixed for five years until 2011.

Ukraine agreed to pay $95 per 1,000 cubic metres for Russian and Central Asian gas but this price has only been set for the first six months of 2006.

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