Russia and Ukraine to Sign Agreement Ending Gas Dispute

The nearly three-week gas dispute between Russia and Ukraine is expected to be resolved on Monday as Ukrainian Prime Minister Yulia Tymoshenko has travelled to Moscow to sign a gas price deal that will encourage Russia to resume gas supplies to the rest of Europe.

For nearly three weeks Europe has been hit by gas shortages as Russia halted flow of its gas supplies through pipelines in the Ukraine. Russia blamed Ukraine for failing to sign a new contract and then accused the country of siphoning off supplies that traveled through the pipelines.

Russia closed its taps on the pipelines running through Ukraine, leaving more than 20 countries to deal with an energy crisis. Many countries began rationing gas and several were left without heat as the dispute between Russia and Ukraine mounted.

On Saturday the two sides met and reportedly agreed on a new deal that would open the pipelines once again. As part of the deal Ukraine would begin paying for Russian gas at “European” rates beginning next year while Russia would pay “market” rates for transporting gas through Ukraine.

Ukraine agreed to pay for gas at the current “European” rates this year but will also be given a 20 percent discount for keeping the Russia’s transport charge at the 2008 level.

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