Global Markets

Ukrainian transit deal looks more uncertain than ever

The European Commission has a mammoth task in brokering a deal between Moscow and Kiev on Ukrainian transit beyond 2019 The European Commission has a mammoth task in brokering a deal between Moscow and Kiev on Ukrainian transit beyond 2019.
By The Wildcat 1 June 2018 0 31114
Alexei Miller and Maros Sefcovic The EU’s Maroš Šefčovič, right, with Gazprom CEO Alexei Miller. (Gazprom)

European Commission Vice President for Energy Union Maroš Šefčovič invited Ukraine and Russia to start three-way talks on gas issues last week, including transit via Ukraine beyond 2019. However, rising tension between Gazprom and Naftogaz Ukrainy in recent days does not bode well for the negotiations.  

Brussels has repeatedly said that Gazprom should respect the verdict of the Stockholm arbitration court and pay Naftogaz €2.56 billion ($2.99 billion) in lost transit fees – a point that was re-iterated during the commission’s