Ukraine, Moscow Clinch Deal on Russian Gas Supply

Originally posted on TIME:

(BRUSSELS) — Moscow and Kiev on Thursday clinched a multi-billion dollar deal that will guarantee that Russian gas exports flow into Ukraine and beyond to the European Union throughout the winter despite their intense rivalry over the fighting in eastern Ukraine.

EU Commission President Jose Manuel Barroso, whose offices mediated the talks for months, said the EU will also help cash-strapped Ukraine with the payments through aid and guarantees.

“There is now no reason for people in Europe to stay cold this winter,” he said. Barroso added that he was “hopeful that the agreement can contribute to increase trust between Russia and Ukraine.”

EU energy chief Guenther Oettinger said that “we can guarantee a security of supply over the winter,” not only for Ukraine but also for the EU nations closest to the region that stood to suffer should the gas standoff have worsened.

A similar standoff in 2009 had…

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