MOSCOW (Thomson Financial) - Russian gas monopoly Gazprom and Ukraine have failed to reach a deal on resolving a dispute over debts owed by Kiev for Russian natural gas, but talks will continue, news agencies reported.
'The meeting is finished. Talks will continue,' Gapzrom spokesman Sergei Kupriyanov was quoted as saying by Interfax and RIA Novosti news agencies after talks between Ukrainian Prime Minister Yulia Tymoshenko and Gazprom chief Alexei Miller.
On February 12, President Vladimir Putin and his Ukrainian counterpart Viktor Yushchenko announced a deal in principle to avert a threatened gas cut-off over Kiev's debts, but the agreement has yet to be finalised.
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The attempt to resolve the Ukrainian debt has failed. Yet again Russia is having to deal with money that is in debt to them. Here in the US we are generally the ones in debt, but apparently everyone owes Russia money. Russia must be at least fairly stable economically if they don't have to resolve these debts immediately. Whether or not these debts will be resolved in the near future has yet to be seen, but as of current Ukraine still owes money to Russia.
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