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Ukraine signs new three-month deal to buy Russian gas

  • Ukraine signs a new short-term agreement with Gazprom (OTCPK:OGZPY) to buy gas from Russia at a lower price, despite the ongoing conflict in the eastern part of the country.
  • Ukraine will pay $248 per thousand cm over the next three months, down from the $329 it had been paying in Q1, while talks continue to seek a permanent solution to the long-running pricing dispute.
  • Ukraine says it will still be required to pre-pay Russia for its gas supplies.

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