Ukraine will settle a debt of around $1 billion to Russian state-owned gas company OAO Gazprom (GAZP.RS) by the end of the year, Energy Minister Eduard Stavitskiy said Monday, Interfax news agency reported.
Ukraine
will
settle a debt of around $1 billion to Russian state-owned gas company OAO Gazprom
(GAZP.RS) by the end of the year, Energy Minister Eduard Stavitskiy said
Monday, Interfax news agency reported.
Gazprom signaled the end of a dispute over supplies and payments on Friday,
after it restarted deliveries to
Ukraine
. The
dispute had raised concerns over new disruptions to deliveries to
Europe
.
Ukraine
had
said it wouldn't buy any more Russian gas this year, which Gazprom warned could
threaten flows to
Europe
. The Russian firm also
demanded payment of a $1.3 billion bill for supplies.
Gazprom supplies one-quarter of the European Union's needs, the bulk of which
flows via
Ukraine
.
Previous tensions have led to supply cuts to
Europe
in
2006 and 2009.
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