(VOVworld) – Russia and Ukraine failed to reach an accord on gas supplies for the coming winter in EU-brokered talks on Tuesday but agreed to meet again in Brussels in a week in the hope of ironing out differences over Kiev's ability to pay.
Russia's President Vladimir Putin and Ukraine's President Petro Poroshenko on the sidelines of a Europe-Asia summit (ASEM) in Milan October 17, 2014.
European Energy Commissioner Guenther Oettinger told reporters that the three parties agreed that Ukraine will pay Russia's Gazprom 385 USD per thousand cubic meters, as long as it paid in advance. Russia could possibly provide 4 million cubic meters to Ukraine this year if Kiev is able to pay. Oettinger noted that Ukraine’s national oil and gas company Naftogaz is ready to pay off 3.1 billion USD of its gas debt to Russia in two installments before year’s end. Russian Energy Minister Alexander Novak expressed doubts about Ukraine’s ability to pay its gas debt to Russia.