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. Last Updated: 07/27/2016

Russia, Ukraine May Sign Gas Deal

MINSK – Russia and Ukraine may sign a memorandum on Ukraine's gas debt and future gas supply Thursday, Russian Prime Minister Mikhail Kasyanov said.

The document will make clear how much Russian gas Ukraine uses and suggest a gas credit line for Ukraine that would be automatically cut off on default, Kasyanov told reporters at the airport of the Belarussian capital, Minsk, where Russia and Belarus will hold talks on Thursday.

"The memorandum was drawn up yesterday. There were three or four corrections on the Russian and Ukrainian sides. If both viewpoints coincide it could be signed today," Kasyanov said.

He did not specify how much credit Russia would provide for Ukraine.

Kasyanov added that the memorandum would stipulate terms and conditions for the transport of Turkmen gas to Ukraine through Russian territory.

In February Ukrainian and Russian heads of government said they had agreed that Ukraine's gas debt to Russia was around $1.4 billion. No agreement on repayment of the debt has been reached until now.

Kasyanov was quoted in mid-November as saying Moscow had offered Kiev an eight-year breathing space on the bill after talks with Ukrainian Prime Minister Victor Yushchenko.