Reuters: Ukraine to Buy Cheaper Russian Gas for Next Three Months

Ukraine has signed an interim deal for cheaper supplies of gas from Russia for the next three months, providing a breathing space for both sides in their protracted wrangle over pricing, Ukrainian energy officials said on Thursday.

Previous gas disputes between Ukraine and Russia have affected the European Union, where Gazprom covers a third of gas demand. Around 40 percent of that gas travels via Ukraine.

The lower agreed price for Russian gas at the start of the off-season in Ukraine, when consumption is much reduced because of warmer weather, had been heavily flagged by Moscow and came as no surprise for Ukrainian energy officials who saw it as reflecting lower global oil prices.

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