Rada ratifies gas deal with Russia (12/02/01)

Rada ratifies gas deal with Russia

RFE/RL Newsline

KYIV - The Verkhovna Rada on November 15 ratified three government accords with Russia that regulate Russian gas supplies and gas transit across Ukraine, Interfax reported.

One accord, relating to Russian gas supplies in 2001, sets the Russian gas price at the Ukrainian border at $80 per 1,000 cubic meters and the maximum monthly delivery quota at 1.5 billion cubic meters. This accord also allows Ukraine to postpone up to half of its payments for the gas deliveries, keeping them as state debt.

Two other accords guarantee that no Russian gas will be siphoned off while traversing Ukrainian territory. The package also envisions rescheduling Ukraine's $1.4 billion debt to Gazprom over a period of 12 years.

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