Ukraine and Russia reached a new short-term gas arrangement this week, just as the previous deal dubbed the “winter package” expired. The new agreement lasts just three months—we might call it the “spring package”—but importantly comes with a steep discount for Kyiv. Reuters reports:
Ukraine’s energy ministry said Kiev would buy Russian gas at $248 per thousand cubic metres during the April-June quarter while. This compares with $329 per thousand cubic metres which it has been paying under a winter package. That package, which carried a price discount of $100 per thousand cubic metres and a requirement for advance payment, expired …read more
Source: The American Interest
