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Russia resumes much needed gas supply to Ukraine ahead of harsh winters

Russia’s gasoline monopoly Gazprom resumed provides to Ukraine on Monday, in a improvement that can assist the nation meet its vitality wants by the tough winter months.

Gazprom CEO Alexei Miller stated provides, which have been suspended within the spring, recommenced earlier after the corporate obtained USD 234 million out of a promised USD 500 million prepayment from Kiev.

The deal, which was signed final month with the assistance of the European Union, will make sure that Ukraine will obtain Russian gasoline for six months by March 2016.

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Previous gasoline disputes between Russia and Ukraine have led to cutoffs of provide. One standoff in 2009 prompted critical disruptions in shipments EU international locations within the useless of winter.

Temperatures in Ukraine can drop to as chilly as -4 levels Fahrenheit (-20 levels Celsius) in winter, and most properties in Ukraine depend on piped gasoline for central heating.

Final winter, Russia and Ukraine struck an emergency deal on gasoline costs, however that expired.

EU-sponsored talks looking for an analogous accord for the approaching winter started in March. Underneath the deal, Russia lowered the value it charged Ukraine to the identical stage granted to neighboring international locations, from USD 251 per 1,000 cubic meters to about USD 230.

The European Fee has pledged no less than USD 500 million of support to Ukraine for the gasoline provides.

Russia’s annexation of Crimea from Ukraine and its assist for separatist rebels within the east soured relations between the 2 international locations. Ukraine has since been attempting to chop its dependence on Russia gasoline, shopping for shipments from European nations which had purchased it from Russia at a cheaper price.

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