EU brokers gas supply deal between Russia and Ukraine
October 31 , 2014
Russia and Ukraine have agreed on a gas supply deal brokered by the European Union (EU), as per media reports.
According to the deal, Russia will resume supplies to Ukraine through the winter months, and this will also ensure gas supplies via Ukraine to other EU countries.
Jose Manuel Barroso, the president of the European Commission, said now there was no reason for Europeans to “stay cold this winter.”
EU will act as a guarantor for Kiev’s Russian gas purchases and help in meeting its outstanding debts.