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33

Russia, Ukraine Can't Solve Problem At The Summit

Russia is a key gas supplier to Ukraine and most of its gas exports to Europe pass

Talks between the prime ministers of Russia and Ukraine on Monday did not bring the two neighbors to a consent in a deal on gas supplies.

"No agreement has been reached", an official in the Russian delegation said at the meeting between Russian Prime Minister Mikhail Fradkov and his Ukrainian counterpart Yuriy Yekhanurov in Moscow.

The official said Ukraine had a better understanding of the need to switch to market prices for natural gas transit and supplies.

Russia is a key gas supplier to Ukraine and most of its gas exports to Europe pass through Ukrainian territory, and now Ukraine denies to buy Russian gas for a market price of $230 per 1,000 cu.m.