Financial Times FT.com

Putin to waive Ukraine gas fines

By Roman Olearchyk in Kiev and Stefan Wagstyl in London

Published: March 13 2009 02:00 | Last updated: March 13 2009 02:00

Vladimir Putin, Russia's prime minister, yesterday announced that Moscow would go easy on Ukraine in enforcing the terms of their bilateral gas deal, in a surprise sign of improving relations between Moscow and Kiev.

The Russian leader said Gazprom, the Russian state-controlled group, would not impose penalties on Ukraine for failing to buy as much gas as it promised when the contract was signed in January, after a dispute that disrupted Russian gas supplies to the European Union.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this