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Tymoshenko expects gas revenues in 2010

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Published: Nov. 19, 2009 at 11:39 AM
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YALTA, Ukraine, Nov. 19 (UPI) -- Ukraine will generate revenue from Russian gas transits to European customers for the first time in its history, said Prime Minister Yulia Tymoshenko.

Tymoshenko spoke to reporters ahead of her meeting with Russian Prime Minister Vladimir Putin in Yalta.

"For the first time in Ukraine's history, we will considerably raise revenues from Russian gas transit via Ukraine starting on Jan. 1," the prime minister said.

Ukraine was hit hard by the global recession that rocked world markets in late 2008 and 2009. Tymoshenko said the revenue would go a long way toward encouraging economic recovery in her country and for state-run utility Naftogaz.

Russian gas giant Gazprom cut gas supplies to Ukraine briefly following a January row over gas prices and debt.

Russia said it would drop a 20 percent discount for gas prices to Ukraine under that agreement. Tymoshenko's predictions on revenue are in part related to a contract settling the January dispute, RIA Novosti explains.

Tymoshenko stressed, however, that the tumultuous gas relations between Kiev and Moscow will not be featured on the agenda for her talks with Putin.

"Gas issues will not be discussed," she said.

© 2009 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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