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Russia, Ukraine strike deal

Russia, Ukraine strike deal

MOSCOW – Russia and Ukraine struck a five-year gas supply deal yesterday after a bruising pricing dispute in which Moscow curtailed deliveries, hitting supplies to European consumers.

Alexei Miller, chief executive of Russian gas monopoly Gazprom, told a news conference the deal was effective from January 1 and would be based on a price of US$230 per 1 000 cubic metres.”We have reached a final agreement. It is successful for Gazprom and we are satisfied,” Miller told reporters after talks with Oleksiy Ivchenko, head of Ukrainian state energy company Naftogaz.”This agreement will ensure stable supplies to Europe.”-Nampa-ReutersIt is successful for Gazprom and we are satisfied,” Miller told reporters after talks with Oleksiy Ivchenko, head of Ukrainian state energy company Naftogaz.”This agreement will ensure stable supplies to Europe.” -Nampa-Reuters

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