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Ukraine Gas Deal Reported

KIEV — Ukraine and Russia finished gas talks, having agreed on a new price for natural gas and other conditions, a source from the Ukrainian presidential administration told Ekonomicheskiye Izvestia newspaper, Interfax reported Tuesday.

"[The new contracts are due to be signed] roughly in late November to early December. Currently, the process of agreeing on technical details pertaining to the new agreements continues at the level of the governments and the companies — Naftogaz Ukrainy and Gazprom. When everything is ready, a date will be set for the meeting between the Ukrainian and Russian presidents who will countersign the documents," the source was quoted as saying.

Among the new conditions are a gas price in the region of $220-$230 per 1,000 cubic meters and payment for gas supplies and possible credit in rubles, the newspaper said.

(MT)

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