(MENAFN- The Journal Of Turkish Weekly) Kyiv has signed a new agreement to buy Russian gas over the next three months at a price of $248 per thousand cubic meters.
In a statement posted on its website, Ukraine's Energy Ministry said the agreement extended all the other terms of the so-called "winter package" which just expired between Ukrainian state energy concern Naftogaz and Russian gas giant Gazprom.
That deal, brokered by the European Union and signed in October, included a price discount of $100 per thousand cubic meters but required Kyiv to pay up front for gas deliveries.
The statement quoted Energy Minister Volodymyr Demchyshyn as saying the agreement represented a "victory" for an economic rather than a political approach to relations between Naftogaz and Gazprom.
Former Ukrainian President Viktor Yanukovych had reached a deal with Moscow to purchase gas for $285 per 1,000 cubic meters, but after his ouster in February 2014 Russia demanded $485 as well as full payment of Ukraine's multibillion dollar gas debt.
Previous gas disputes between Ukraine and Russia have resulted in reduced supplies to the EU, where Gazprom covers a third of gas demand.
Around 40 percent of that gas travels via Ukraine.
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