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2/2/07

www.bbj.hu : Ukraine wants Russia to pay with gas for fuel transit to Europe

For the complete report from www.bbj.hu click on this link

Ukraine wants Russia to pay with gas for fuel transit to Europe

Ukraine wants Russia to pay with natural gas to pump fuel to Europe through its pipelines, Ukrainian Deputy Prime Minister Andriy Klyuyev said.

Ukraine wants 30 billion cubic meters of gas as a payment for gas transit, Klyuyev said today on his party's Web site. That would be similar to arrangements Ukraine and Russia had from 2002 to 2004, „which were more favorable for Ukraine,” he said. Ukraine relies on imports for about 80% of its energy, mostly from Russia. Russia and Ukraine agreed on cash payments for energy trading instead of payments in kind last year, after Viktor Yushchenko defeated Viktor Yanukovych, who was backed by Russia, in a disputed presidential election. Yanukovych became prime minister and formed a cabinet in August after his party won parliamentary elections.

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