Russia and Ukraine Signed Gas Transit Agreements
According to the company, four parties signed the package of documents: Gazprom, Naftogaz Ukrainy, the operator of the Ukrainian gas transmission system and the Ukrainian Ministry of Justice. Gazprom and Naftogaz concluded an irrevocable settlement agreement, according to which the parties will withdraw all arbitration and legal claims against each other. The document also says that they will waive all possible claims for gas supply and transit contracts dated January 19, 2009.
The current gas transit contract expired on December 31, 2019. The last round of negotiations began in Vienna on December 26. The parties could not agree on the terms of the deal for a long time, in particular, due to the fact that Kiev wanted to conclude an agreement for 10 years, while Moscow proposed to extend the current contract or conclude a temporary one.