Ukraine and Russia on Tuesday failed to get a decisive breakthrough in their standoff over gas supplies to Kiev, the next negotiating session is set for Oct. 29.
"We have made some important progress,"- European Energy Commissioner Guenther Oettinger said, adding that Kiev would settle its debts with a $1.45 billion payment by the end of the month and $1.65 billion more by the end of the year.
When it comes to new gas deliveries, Ukraine would pay $385 per 1,000 cubic meters which Russia should deliver following advance payments by Ukraine, Oettinger said .
Russia cut off gas supplies to Ukraine in the summer over unpaid bills, raising the risks that Ukraine would siphon off gas from the pipeline passing through its territory from Russia to Europe. Europe is concerned that if Ukraine would do that, Russia could cut off all flows through Ukraine, leaving parts of Europe without supplies.