×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Yatsenyuk: Kiev May Ask Swedish Arbitration Court to Fix Russian Gas Price

Ukrainian Prime Minister Arseniy Yatsenyuk gives an interview on the sidelines of the 69th United Nations General Assembly at U.N. headquarters in New York.

KIEV — Kiev may appeal to the Stockholm court of arbitration to fix a temporary price for Russian gas and conditions for deliveries to Ukraine if an interim gas deal is not reached soon with Russia, Ukrainian Prime Minister Arseniy Yatsenyuk said Wednesday.

The European Union is trying to broker a deal to resolve a standoff between the two countries after Russia shut off gas deliveries to Ukraine in June over what it said were more than $5 billion in unpaid bills.

Ukraine faces the possibility of energy shortages this winter if no deal is reached, risking a replay of the disruptions to Europe's gas supplies seen in 2006 and 2009.

Kiev is waiting for a final decision from the Stockholm court on an appeal it lodged last June for a review of a 2009 deal between Ukraine and Russia's Gazprom that set a price of $485 per thousand cubic meters — way above the market level.

Meanwhile, the European Commission is seeking to get Russia and Ukraine to sign an interim agreement as a step towards resolving the long-standing price row.

And though Russia and Ukraine have agreed a price of $385 per thousand cubic meters under a proposed interim agreement, the two countries have not agreed conditions for delivery or a time frame for the price to be effective.

Yatsenyuk, speaking Wednesday at a government meeting, reiterated that Ukraine was still 5 billion cubic meters of gas short of what was needed to see the former Soviet republic through the winter.

He said Ukraine could continue to work with the European Commission on the interim agreement or, if no such deal could be reached, it could ask the Stockholm court to step in with a provisional ruling "to set the price and conditions for deliveries of natural gas" until it delivered its final verdict.

Russia is Europe's biggest supplier of oil, coal and natural gas, and its pipelines through Ukraine are a political focus as Europe imposes sanctions on Russia over its seizure of Crimea.

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more