A short-term deal brokered by the European Commission to ensure supplies of gas from Russia to Ukraine has been extended until mid-summer.
The extension, which was announced by the Ukrainian gas distributor Naftogaz this morning and has now been confirmed by Gazprom, means that a pricing formula established to cover the winter months – from November to the end of March – will be extended to the end of June.
Another important element of the agreement obliges Ukraine to pay in advance for gas.
The extension will be included in what Naftogaz described as a technical addendum to an agreement struck on 31 …read more
Source: European Voice
