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Russia to Be Ukraine's Sole Gas Provider

Published: January 10, 2014 (Issue # 1792)



  • Ukraine has ceased buying gas from Europe and will instead purchase the fuel solely from Russia.
    Photo: RIA Novosti

Ukraine has ceased buying gas from Europe and will instead purchase the fuel solely from Russia, as it offers the lowest prices, Ukraines energy minister said Thursday.

Russian gas is the most profitable [supply option] for today, said Ukraines Energy and Coal Industry Minister Eduard Stavitsky.

Kiev has been buying gas from Poland and Hungary over the last two years and was close to striking another gas deal with Slovakia in a bid to reduce its dependence on Russian supplies, amid political tension over Ukraines previous policy of gradual economic alignment with Europe.

Ukraine was expected to sign an association agreement with the European Union in November, but President Viktor Yanukovich dropped the deal at the last minute, instead striking a $15 billion aid package and gas discount agreement with Russia in December.

Russia agreed to drop its gas prices for Ukraine from $400 per 1,000 cubic meters to $268 starting January 1, in a deal between Ukraines state energy firm Naftogaz and Russias Gazprom formalized on Thursday.

The new price level must be confirmed every quarter, according to the agreement, giving financial leverage for Moscow to deter Kiev from seeking closer ties with the EU in the future.

Ukraine stopped buying European gas at the start of January, Ukrainian news agency UNIAN reported Wednesday, citing operational data from gas transmission systems in Hungary and Poland.





 


ALL ABOUT TOWN

Wednesday, July 23


SPIBAs Legislation & Lobbying Committee invites everyone interested in the practical aspects of courts and procedural law to todays Legal Debating Club at 9:30 a.m. at the Mertens House, 21 Nevsky Prospekt, office 506. Visit spiba.ru for more details.


Take advantage of the sunny summer days and participate in Beach Games 2014, which runs through July 27 in Sestroretsks Dubki Park.



Thursday, July 24


Liliana Modiliani, a well-known Russian stylist, will talk about choosing clothes that fit during her lecture at 7 p.m. at the Pryamoy Efir art club, 13 Viborgskoe Shosse.



Friday, July 25


Discuss Russias economic and political prospects for 2014 during a Business Breakfast organized by SPIBA at 9.30 a.m. in the Bank Saint-Petersburg office at 64


Malookhtinsky Prospekt.


Start your weekend with adorable miniature pigs at the Squealing Pig festival at 7 p.m. this evening in the Karl & Friedrich restaurant, 15 Iozhnaya doroga, on Krestovsky Island.



Saturday, July 26


Hundreds of brand-new and retro cars, drag and drift shows, test drives and karting are planned for the Avtobum-2014 festival, which will take place in front of the RIO shopping center at 2 Fuchika Ulitsa.


Participants in todays SaniDay Summer competition will impress visitors with their hand-made, unusual and hilarious boats, which will race at the Igora Resort near the 54th kilometer on Priozerskoe Shosse.


Metro Family Day will include both serious lectures for adults and master-classes for children, making the event interesting for the whole family. To participate, come to Kirov Park on Yelagin Island.


Photography will be the focus of todays Photosubbota, which features lectures by famous photographers, meetings with photo schools and studio representatives, and participation in a photography competition. The event starts at noon at Petrokongress, 5 Lodeynopolskaya Ulitsa.


If you like cycling, make sure to visit the Za Velogorod Festival with its retro bike exhibition, market and live music. The second round of the Leningrad Criterium race will also take place during the event at Petrovsky Arsenal in Sestroretsk.



Sunday, July 27


Navy Day will be celebrated with a weapon and military transportation exhibition, self-defense master classes and concerts. The event starts at 1 p.m. in the 300th Anniversary Park of St. Petersburg.



Monday, July 28


Dont miss a chance to see the latest achievements in robotics during the RoboDom interactive show, exhibiting more than 150 robots. The show will be at BUM center, 22/2 Gzhatskaya Ulitsa, until Aug. 3. The entrance ticket costs 350 rubles ($10).



Tuesday, July 29


A video of a Queen concert from 1986 will be shown today at 8 p.m. in Yaschik, 50/13 Ligovsky Prospekt.



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