Ukraine facing $3bn budget revenue shortfall with Russian gas transit contract in limbo ...News

Kiev has missed the opportunity to ink a new profitable gas transit deal with Moscow, Ukrainian politician Victor Medvedchuk said on Friday after another day of fruitless talks between Russia, Ukraine and the EU. With the current agreement set to expire after December 31, “for the moment, there are hardly any mechanisms that could prevent the loss of transit of Russian gas through Ukraine…” he said. According to the politician, the creation of a “gas consensus” with the participation of Ukraine, Russia and EU operators was the only “beneficial option” for Kiev. Also on rt.com

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