General World News

Russia, Ukraine Outline Terms for 5-Year Gas Transit Deal to End Dispute

Russia and Ukraine announced terms of a new gas transit deal on Saturday, under which Moscow will supply Europe for at least another five years via its former Soviet neighbour and pay a $2.9 billion settlement to Kyiv to end a legal dispute.

The deal is a major breakthrough for both countries, which have been seeking to resolve disputes over Ukraine’s eastern Donbas region and the Crimea peninsula, which Russia annexed in 2014.

Under the new agreement, Russia’s Gazprom, which supplies over a third of Europe’s gas needs, would use an agent to book the transit of 225 billion cubic metres (bcm) read more >>>

Source:: VOANews.Com