Oct 31, 2014 5:57 AM
Russia: gas flow will resume after Ukraine pays
The Associated Press
MOSCOW (AP) Russia says gas supplies to Ukraine will resume after it pays off the first debt installment next week.
Alexei Miller, the chief of Russia's state-controlled Gazprom natural gas giant, made the statement Friday hours after Russia, Ukraine and the European Union thrashed out a $4.6 billion deal that will guarantee Russian gas supplies to Ukraine and further on to the EU.
The deal eased fears that Europe will end up shivering this winter as occurred during a 2008 gas dispute when Ukraine siphoned gas intended for Europe and Russia turned off the taps in response.
Moscow cut off gas supplies to Ukraine in June over unpaid debts, a move that followed the ouster of Ukraine's Russia-friendly leader and the Kremlin's annexation of Crimea.