EU Energy Policy

Clock is ticking for Ukraine-Russia transit deal

Time is running out for securing a new transit contract between Russia and Ukraine after 2019, with the negotiations being impeded by a sensitive geopolitical backdrop Time is running out for securing a new transit contract between Russia and Ukraine after 2019, with the negotiations being impeded by a sensitive geopolitical backdrop.
By Andreas Walstad 22 January 2019 0 33858
Maroš Šefčovič at a press briefing following the talks on Monday. (EC)

The transit agreement for Russian gas exports via the 140-billion-cubic-metre-per-year Ukrainian route expires in December, making it urgent that the parties involved reach a new deal this spring.

The European Commission has been trying to broker an agreement between Moscow and Kiev since last summer without success, and Monday's three-way negotiations in Brussels appear to have produced little of substance.

"I was highlighting to both parties that time flies, the clock is ticking and every day we are getting closer to the end...