In total, Ukraine will get about US$18 billion in five-year term, including US$3 billion in cash before the New Year. REUTERS
Ukrainian Minister of Energy and Environmental Protection Oleksiy Orzhel has said Ukraine will get about US$15 billion from the transit of Russian gas within five years.
“The estimated income, which Ukraine gained at this meeting [negotiations between Ukraine and Russia on gas transit], is over US$3 billion in arbitration + about US$3 billion for transit per year within five years,” he wrote for the Ukrainian online publication Ekonomichna Pravda.
“In total, we will get about US$18 billion in five-year term, including US$3 billion in cash before the New Year.
And this is without the enslaving conditions for the acquisition of Russian gas,” Orzhel added.
As UNIAN reported earlier, on December 21, following trilateral negotiations in the Ukraine-EU-Russia format, Orzhel said the parties had concluded a protocol that provided for the implementation of a number of agreements.
In particular, a new contract for the transit of Russian gas to Europe via Ukraine will be concluded for a period of five years with the possibility of its extension for ten years.
Naftogaz by year-end will have received from Russia’s Gazprom about US$2.9 billion in monetary compensation in line with the Stockholm arbitration award, given that the agreements reached during the negotiations are fulfilled.
(C)UNIAN 2019
Excellent.
This is probably Ukraine’s first decisive victory in the war with Russia.
Now they need to take this money and use to develop their own domestic supplies and upgrade their GTS.
Compared to the all out comercial battle for gas transit the Russians concluded an oil transit contrast with hardly a second glance.
Wars are fought on all fronts. and I mean ALL fronts.
Gas is a weapon. Ukraine needs to start wielding all of their resources against their foe.
The war in Donbas is pretty much over. there has been nothing but minor skirmishes for years. The next battle will be fought for Belarus.
Luka is showing sighs of disliking Putin’s over baring attitude.
In this new war Ukraine will need to use their economic, and political power to it maximum potential.
Luka needs gas oil and trade to stay independent.
Ukraine is one of the few western countries that can make a decisive difference.