Russian Prime Minister Dmitry Medvedev has stated that all issues over gas transit with Ukraine have been settled, noting it was a necessary compromise.
"Now all problems have been resolved, mutual claims have stopped. The transit of Russian gas through Ukraine will continue on conditions that suit both sides. The signing of the documents shows that even the most difficult issues can be discussed and negotiated", he said.
Russian Prime Minister Medvedev: All Gas Issues With Ukraine Have Been Settled
© REUTERS / MAXIM SHEMETOV
The Russian-Ukrainian protocol, signed last week after negotiations in Minsk, envisages the delivery of 65 billion cubic metres (over 2 trillion cubic feet) in 2020 and 40 billion cubic metres (1.5 trillion cubic feet) per year thereafter for four more years.
It also settles the situation regarding direct gas supplies to Ukraine at a discounted European hub price. According to Ukrainian President Volodymyr Zelensky, Kiev expects to receive at least $7 billion in revenue during the five-year period of the contract.