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Ukraine to continue talks with Russia on gas deal next week

FXStreet (Łódź) - Ukrainian Energy Minister Yuri Prodan signaled on Friday that Ukraine could resume negotiations on the natural gas agreement with Russia at the end of next week.

Talks broke off last Friday, as the parties couldn't reach an agreement on the question of Ukraine's gas debt, which Russia's Gazprom claims amounts to 5.3 billion dollars. The company discontinued gas deliveries to Ukraine in June this year.

Both countries as well as the EU will suggest what would be the best solution they see to the situation, Yuri Prodan told reporters. He was unsure however whether Moscow would agree to deliver gas if Kiev made a prepayment of about 2 billion dollars.

Russian markets were boosted by the news.

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