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Russia, Ukraine Clinch Final Deal on Gas Transit to Europe

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Russia, Ukraine Clinch Final Deal on Gas Transit to Europe

Russia n and Ukrainian companies signed a final five-year agreement safeguarding Russia n gas transit to Europe via Ukraine, Kremlin-controlled gas giant Gazprom and Ukrainian President Volodymyr Zelenskiy said on Monday night.

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The deal, which came just 24 hours before the current agreement expires on Tuesday, averted a potential  Russia n gas-flow interruption to Europe and helped Moscow avoid another blow to its reputation as a long-term energy supplier after Russia n oil exports to Europe were contaminated earlier this year.

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It was signed after five days of painstaking talks and followed a meeting between Russia n President Vladimir Putin and Zelenskiy earlier this month in Paris.

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“After five days of uninterrupted bilateral talks in Vienna, the final decisions have been made and final agreements have been reached,” Gazprom Chief Executive Officer Alexei Miller said in a statement.

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The (signed) documents are effective as of today and provide for Russia n gas transit via Ukraine after Dec. 31 2019.”

Zelenskiy, fresh from a large-scale prisoner swap with rebel-held regions of Ukraine on Sunday, welcomed the deal, saying it could be prolonged by 10 more years.

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Europe knows, we won’t fail it in terms of energy security,” he said on his Facebook account. He said Ukraine would get at least $7 billion during the five years of the deal.

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The European Union was worried that Russia n supplies through Ukraine could be suspended if the current deal expired without a new agreement in place.VS Angel gigi russian

Russia, Ukraine Outline Terms for Five-Year Gas Transit Deal to End Row Read more The gas issue is a part of a wider political fallout between Moscow and Kiev.gigi russian model

The relations between the two fellow ex-Soviet republics plunged after Russia annexed Crimea from Ukraine in 2014 and the pro-Moscow uprising in eastern Ukraine.gigi russian modelo

On Sunday, Ukrainian government forces and pro- Russia n separatists in eastern Ukraine completed a big prisoner swap after busing remaining detainees in the five-year conflict to an exchange point in the breakaway Donbass region.gigi modelo rusa

The final deal on the Russia n gas transit to Europe via Ukraine was finally sealed after the two countries initially agreed on the protocol on Dec. 20

Payment of $2.9 billion in legal damages by Russia to Ukraine on Friday was one of the key issues standing in the way of the gas deal. In response, Ukraine dropped more multibillion-dollar legal claims against Russia

Russia n gas exports to Europe outside of the former Soviet Union amount to about 200 billion cubic metres (bcm), while Kremlin-controlled Gazprom accounts for about 36 percent of the European gas market

In 2018, Russia n gas transit via Ukraine to Europe was 86.8 bcm. Under the terms of the new agreement, Russia has pledged to ship 65 bcm of gas via Ukraine in 2020 and 40 bcm annually from 2021 to 2024