Arab Today, arab today eu russia ukraine seal breakthrough gas accord
Last Updated : GMT 06:45:05
Arab Today, arab today
Arab Today, arab today

EU, Russia, Ukraine seal breakthrough gas accord

Arab Today, arab today

Arab Today, arab today EU, Russia, Ukraine seal breakthrough gas accord

Russian Energy Minister Alexander Novak (2-L)
Brussels - AFP

Russia agreed to resume gas deliveries to war-torn Ukraine through the winter in an EU-brokered, multi-billion dollar deal signed by the three parties in Brussels on Thursday.
In a hard-fought accord the EU hopes will ease the broader crisis over Ukraine, Russia agreed to ensure supplies until the end of March.
"I'm glad that political responsibility, the logic of cooperation and simple economic sense have prevailed," EU Commission chief Jose Manuel Barroso told a press conference.
He hailed the end of a bitter gas dispute that saw Russia cut supplies to Ukraine in June, insisting Kiev pay for deliveries up front.
"There is no reason for people in Europe to be cold this winter," Barroso said, referring to fears that Russia could have turned the Ukraine taps off, disrupting onward supplies to many European Union countries.
Ukraine Energy Minister Yuri Prodan said the "decisions taken today will provide energy security for Ukraine and the EU."
The deal caps two days of marathon talks that had stalled before dawn on Thursday when Russia demanded that the EU first agree with Ukraine how to pay Kiev's outstanding bills and finance gas deliveries through to March.
"The European Commission must reach an agreement with Ukraine over the question of financing," a spokesman for Russian gas giant Gazprom told AFP in Moscow earlier. "Otherwise, negotiations make no sense."
In Kiev, Prime Minister Arseniy Yatsenyuk said he would ask the United States and Germany for "additional financial instruments for Ukraine that would help stabilise the budget and pay our energy bills."
- Deal a 'real breakthrough' -
 EU Energy Commissioner Guenther Oettinger called the deal a "real breakthrough" that was reached with cool heads against the backdrop of a seven-month war in eastern Ukraine pitting Kiev against pro-Moscow rebels.
"This is perhaps the first sign of a well-working neighbourhood policy. It is a good message," Oettinger said.
He said the terms of the agreement confirmed the tentative outlines of one he reached earlier in the month whereby Ukraine would pay $3.1 billion by the end of the year to settle a large portion of its outstanding bills to Russia.
In return, Russia agreed a base reference price for deliveries through to March 2015 of $385 (302 euros) per 1,000 cubic metres, a discount of about 100 dollars.
In practice, depending on market conditions and the amounts involved, the prices will likely be slightly lower.
The EU gets about a third of its gas from Russia, of which around half transits via Ukraine, a former Soviet bloc country.
The EU was seeking to avoid a repeat of 2006 and 2009 when Russia halted supplies to Ukraine, disrupting deliveries onwards to Europe during two very cold winters.
In June, several months after the Ukraine crisis began with the popular overthrow of a pro-Moscow president in Kiev, Russia cut supplies again, demanding that Kiev settle its outstanding bills and pay up front for any future deliveries.
"We are convinced that our future relations will be constructive and our agreements fulfilled," Russian Energy Minister Alexander Novak said after the deal.  
Gazprom spokesperson Sergey Kupriyanov issued a statement saying: "This is hopefully the start of a new, more constructive chapter in gas relations among the EU, Russia and Ukraine."
- Continued loss of life -
Despite the optimism, there was no immediate sign the deal would lead to progress on the wider crisis.
NATO chief Jens Stoltenberg said the US-led alliance remained vigilant after an upsurge in Russian military activity in European airspace earlier this week.
In response, several NATO countries launched a series of intercepts, meant especially to help reassure east European allies unnerved by Russia's intervention in Ukraine.
Ukraine also said pro-Russia rebels killed seven of its soldiers in eastern Ukraine on Thursday, the highest toll in two weeks.
The latest killings bring the total military deaths for Ukraine to 160 since a ceasefire was agreed in September, while more than 3,700 people have died since the start of fighting in April after Russia annexed Crimea.
The EU has imposed a range of economic sanctions on Russia for its alleged military intervention in Ukraine. Moscow has retaliated with punitive measures of its own.
Member states agreed earlier this week to leave the sanctions in place after a regular review, and on Wednesday condemned Moscow's willingness to recognise upcoming elections in rebel-held areas.
The gas deal marks a dramatic farewell for Barroso who steps down on Saturday to make way for a new commission.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu russia ukraine seal breakthrough gas accord Arab Today, arab today eu russia ukraine seal breakthrough gas accord

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu russia ukraine seal breakthrough gas accord Arab Today, arab today eu russia ukraine seal breakthrough gas accord

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday