Kiev (Reuters) – Despite the simmering conflict with pro-Russian rebels in eastern Ukraine, the country with Moscow has agreed to further gas deliveries.
Both sides brought an agreement for the spring in the bag, as the Department of Energy in Kiev announced on Thursday. For the contract running from April to June, the delivery to Ukraine cheaper.
per 1,000 cubic meters of gas Kiev must pay $ 248 in the winter it was still $ 329. Given the long wrangling price paid tribute to the Kiev Department of Energy, the agreement as a “victory” of economic rationality on political calculation. Both sides are working to medium-term solution. Kiev is now in a better negotiating position because of the expansion of the gas network to the EU has made significant progress. Theoretically Ukraine could now be supplied from large parts of the West.
The agreement also led to breathe in the EU headquarters in Brussels, where Vice President Maros Šefčovič has recently brought into play as a mediator. Brussels also has a vested interest in a stable energy supplies to Ukraine -. A major transit country for gas supplies to the EU
ALSO A DEEP BREATH IN BRUSSELS
Delivery disputes between Moscow and Kiev have recently repeatedly charged and Europe markets: So in 2014, when both sides for months over gas price and outstanding debts could agree. Finally, an agreement was signed in the fall, after which Ukraine must pay in advance. The payment for the supplies to the pro-Russian rebel-controlled areas in eastern Ukraine, however, is more controversial. Only in December included Russia on the supply again. There is currently a ceasefire between Ukraine and the separatists.
Russia is also a great believer Ukraine. Held by Moscow bonds are part of a debt load that must redeploy within the framework of an international aid program Kiev. However, Russia is not ready to reschedule. The International Monetary Fund (IMF) recently approved a loan program more than 17.5 billion dollars. In order for the country to be stabilized. The credit belongs to an international package of more than $ 40 billion. Part of it – IMF 15 billion Dollar – should be contributed by creditors: by waiver or deferral of payments. Finance Minister Natalia Jaresko urged the creditor to now rapidly to form a committee. Only then will the talks could begin.
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