Ukraine Russia Transit Agreement

The European Union feared that Russian deliveries via Ukraine would be suspended if the current agreement expires in the absence of a new agreement. Transit is carried out on the principle of shipping, a provision in gas contracts by which a buyer agrees to pay contractually agreed transport capacity, regardless of the quantities actually transported. The agreements do not deal with the complaints filed by the Naftogaz group against the Russian Federation concerning the group`s stolen assets in Crimea. Under the transit agreement, Ukraine is expected to ship most of the gas to Central Europe and Moldova. Gazprom and Naftogaz in Ukraine were brought before an arbitration court in Stockholm in a series of disputes over gas prices and transit rights in 2014. – An interoperator agreement between Ukraine`s new transport network manager, GTSOU, and The Russian manufacturer Gazprom, which sets out the technical rules and rules of the BUCAREST Interconnection Agreement (ICIS) – Ukraine and Russia have signed a five-year transit contract for guaranteed minimum quantities from 2020, Ukraine Naftogaz confirmed on Monday evening. The package of agreements signed on 30 December in Vienna after five days of negotiations continues: Russian President Vladimir Putin said today, at a press conference broadcast by local media, that Moscow wants to maintain the transit of natural gas through Ukraine after the commissioning of two new pipelines. Earlier this month, Gazprom agreed to pay about $2.9 billion to Naftogaz in Ukraine to settle a long-running transit rights dispute. – a fee regime against the existing 10-year transit contract, which expires at the beginning of the reception date on 1 January 2020. Some disputes resolved, but not all The new agreement, according to Zelenskiy, provides that “both parties retain the right to renew the contract for another 10 years” after its expiry.

Russia is also part of the new treaty, which agrees to pay $2.9 billion to Ukraine as part of a Stockholm arbitration supplement, which Moscow did on December 27. In return, Naftogaz promised to release Gazprom`s confiscated assets in Europe, and both sides agreed to abandon mutual legal actions that have not yet been completed and to sign an out-of-court settlement.

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