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Spokesman: Russia, Ukraine settle gas debt crisis
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08:40, March 06, 2008

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Russia's natural gas monopoly Gazprom and its Ukrainian counterpart Naftogaz have reached an agreement on settling the gas debt crisis that caused supply reduction, local news agencies reported on Wednesday.

"Today, Gazprom CEO Alexei Miller and chairman of Naftogaz board Oleg Dubina held telephone talks, during which they reached an accord on resolving the crisis situation with gas supplies to Ukraine," Gazprom spokesman Sergei Kupriyanov was quoted as saying.

Gazprom, therefore, will resume gas supply to Ukraine that was cut by half on Tuesday.

The gas row mainly focused on a 600-million-U.S.-dollar debt that Gazprom claims from its neighbor, through which about 80 percent of Russian gas to European countries is piped.


Source:Xinhua



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