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Cash Not Goods

Posted by Peter | in Economic Developments, International Affairs | on February 27th, 2006
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Ukraine again reached an agreement with Turkmenistan about gas deliveries over the weekend. Ukrainian Prime Minister Yury Yekhanurov spoke on his optimism on the future of energy dialogue in a televised announcement, according to a ForUm report:

“Yesterday, the Turkmen Foreign Minister and the Ukrainian Ambassador in Turkmenistan discussed the gas problem, the ambassador told me by phone. Judging by the results of the negotiations, Turkmen views on the conflict are absolutely constructive.”

The main issue under discussion appeared to relate to the outstanding debt of $80 million owed by Kiev. As a result of the latest wave of negotiations this sum will be paid in cash rather than goods, as had previously been stipulated.

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