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Russia, Ukraine To Sign Gas Agreement

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Russia, Ukraine To Sign Gas Agreement

Business

Russia, Ukraine To Sign Gas Agreement

Russia, Ukraine To Sign Gas Agreement

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A dispute that left large areas of Europe without gas in the dead of winter may be over. Russia and Ukraine say they have agreed to a deal that will slightly raise the cost of gas to Ukraine, which holds the pipeline that carries the gas to Europe.

STEVE INSKEEP, host:

NPR's Business News starts with Russia and Ukraine planning to sign a gas agreement.

Those two neighbors have been feuding over prices since the start of this year. The dispute has been a huge problem for many European countries that import their Russian gas by way of Ukraine. Many parts of the continent were left without gas in the middle of winter. Now, the two former Soviet republics say they have worked out a deal that will allow Ukraine to pay a little more than it did last year, though it still gets gas at a discount. Ukraine's prime minister headed to Russia today to sign that agreement.

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