Gazprom Halts Gas Deliveries to Ukraine

On June 30, trilateral gas talks between the European Commission, Russia and Ukraine took place in Vienna. The goal of the talks was to reach new terms on Russian natural gas deliveries to Ukraine, but Ukraine refused Russia’s offer price of $247 per thousand cubic meters, equal to about a $40 discount on Russia’s benchmark price. Kiev expected the price to be $200 per thousand cubic meters. The talks may resume in September.

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