Ukraine, Russia hold new talks in gas dispute

AP News
Posted: Jun 14, 2014 3:49 PM

KIEV, UKRAINE (AP) — Officials from the Russian and Ukrainian state gas companies were meeting in Kiev to try to resolve a knotty dispute over how much Ukraine owes Russia for past natural gas deliveries and what price Ukraine should pay for future supplies.

European Union Energy Commissioner Guenther Oettinger was joining the talks Saturday along with Ukrainian Prime Minister Arseniy Yatsenyuk and the heads of Ukraine's Naftogaz and Russia's Gazprom companies.

Talks broke off last week after Ukraine balked at Russia's latest price demand.

The dispute has been going on for months. Moscow has threatened to turn off the tap if Ukraine fails to settle its multibillion-dollar debt. Russia also says if the dispute is not solved by Monday it will start demanding payment in advance for gas deliveries from Ukraine.