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"Ukraine and Russia Reach Accord on Natural Gas Deliveries"

"BRUSSELS — Russian and Ukrainian officials reached an agreement on Thursday night to resume Russian deliveries of natural gas to prevent shortages over the winter.

The deal caps months of laborious talks under the aegis of European Union authorities on how much, and how soon, Ukraine needed to pay Russia for gas it has already consumed, and on the terms for future deliveries.

The standoff between Moscow and Kiev also prompted concerns in Europe that Russian gas piped across Ukraine, a former Soviet state, could be interrupted."

James Kanter reports for the New York Times October 30, 2014.

SEE ALSO:

"Lithuania Offers Example of How to Break Russia’s Grip on Energy" (New York Times)

"U.K. Gas Drops Most in 6 Weeks After Russia-Ukraine Deal" (Bloomberg)

Source: NY Times, 10/31/2014