Ukraine could pay Russia an initial $2B in proposed deal to resolve gas dispute

|By:, SA News Editor

Russia and Ukraine take a tentative step toward resolving the dispute that threatens to cut off Ukraine's gas supply, as the two governments agree to consider a deal in which Ukraine would quickly pay Russia $2B on Thursday, followed by negotiations on Friday over the price Russia charges Ukraine for its gas, EU Energy Commissioner Günther Oettinger says.

The deal first would need to be approved by Moscow and Kiev, as well as the boards of state gas companies Naftogaz of Ukraine and Gazprom (OGZPY) of Russia.

However, emboldened by the election of a new pro-Western president, Ukraine PM Yatseniuk says Gazprom owes Kiev natural gas worth ~$1B which it had "stolen" when Moscow annexed Crimea.