Under Pact, Russians to Give Gas to Ukraine - NYTimes.com
▻http://www.nytimes.com/2014/09/27/world/europe/russia-ukraine-gazprom-deal.html
Under Friday’s deal, which Moscow and Kiev are expected to approve by next week, Ukraine would pay Russia $3.1 billion toward its outstanding bill, in two separate installments by the end of the year. In exchange, Gazprom will ensure that at least 5 billion cubic meters of gas are supplied to Ukraine from October to March at the set price of $385 per 1,000 cubic meters, which must be prepaid before delivery.
Mr. Oettinger said the European Union would guarantee a loan from the International Monetary Fund to help Ukraine meet its debt payments. The deal foresees an initial installment of $2 billion due by the end of October, with the outstanding $1.1 billion due by the end of December.
“The details of the winter package are satisfactory,” Alexander Novak, Russia’s energy minister, told reporters. “I think a big step has been taken.”
The urgency of reaching a deal was made clear hours before the talks concluded, when Hungary made a surprise announcement that it would not sell natural gas back to Ukraine that it had obtained from Russia but did not need.
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