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Russia and Ukraine seem to agree on Ukrainian debt payment

 

Russia and Ukraine have reached a preliminary agreement on Ukraine's repayment of debts in order to come to compromise at Russia-Ukraine-EU gas talks scheduled for October 21, Russia's Energy Ministry announced. Ria NOVOSTI informs about this. 

"Ukraine takes on an obligation to pay $1.45 billion for the repayment of the existing debt by the end of October, and to pay $1.65 billion more by the end of 2014. Moreover, the parties have agreed on the temporary price of $385 for 1,000 cubic meters, which will be used for the deliveries in winter season on a pre-paid basis. In order to buy gas on a pre-paid basis, Ukraine together with the European Commission should search for the financial resources of $1.6 billion by the end of the year as a bridge loan or as a guarantee of the top rank financial institutions," the ministry stated Friday.

The agreed parameters will be further discussed at the gas talks between Russia, Ukraine and Europe in Brussels on October 21.

 


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