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. Last Updated: 07/27/2016

Gas Debt Deal Closed

KIEV -- Russia's Gazprom and the Ukrainian government said Thursday they had agreed to reach a deal on restructuring gas debts, but it was unclear how much Ukraine owed to the Russian gas company.

Ukrainian First Deputy Prime Minister Anatoly Holubchenko said Ukraine owed $411 million, hours after Gazprom put the debt at $1.2 billion and saying Ukraine may issue state-backed securities to cover the debt.

Holubchenko said Ukrainian gas traders and other companies owed $400 million to $450 million to Gazprom.