EU estimates ‘winter gas package’ at $4.6 bln

The European Commission has estimated the value of trilateral agreements reached in Brussels on October 30 regarding the terms of Russian gas supplies to Ukraine until March 31, 2015 at $4.6 billion.
Such calculations on the value of the “winter gas package” have been released by the European Commission, Ukrinform’s correspondent in Brussels reported.
“After seven rounds of gas negotiations, last night’s talks moderated by Gunther H. Oettinger, Vice-President of the European Commission, yielded finally a breakthrough: A 4.6 billion dollar winter package, agreed by Russia and Ukraine, secures gas for Ukraine – and ultimately also for Europe,” the European Commission said.
As for the structure of this amount, the issue concerns $3.1 billion in debt that Ukraine will pay in two tranches for the previously supplied gas: $1.45 billion without delay and $1.65 billion by the end of December 2014.
The remaining $1.5 billion will be used to purchase about four billion cubic meters of gas to ensure domestic needs and reliable transit to Europe in the winter period.

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