Russia says gas talks with Ukraine, EU to continue in end-November

MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said on Monday that the gas talks between Ukraine, Russia and the European Union will continue at the end of November, just a month before the current deal expires.

Novak made the comments on Russian Rossiya-24 TV after another round of talks ended in Brussels.

The current gas transit agreement between Moscow and Kiev expires after Dec. 31. The bulk of Russian gas sent to Europe flows via Ukraine.

There are a number of obstacles to a new deal, such as a political row between Kiev and Moscow, a pro-Russian insurgency in eastern Ukraine, and litigation between Russian gas supplier Gazprom (MCX:) and Ukraine energy company Naftogaz.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.