Russia and Ukraine reached agreement on gas prices on Wednesday morning (4 January) according to news wires, but the supply crunch has left the EU looking vulnerable on energy.
Under the complicated deal, Russia will sell gas at $230 per 1,000 cubic metres to Gazprom-owned firm Roskurenergo, which will mix Russian gas with cheaper gas from Turkmenistan, Uzbekistan and Kazakhstan and then sell it to Ukraine at $95 per 1,000 cubic metres.
The news comes after some EU countries, su...
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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.