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    Reuters: Russia may ease Ukraine's gas terms, but Kiev must settle its bills

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Energy Minister Alexander Novak said Russia was open to prolonging concessions even without "summer package"

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Reuters: Russia may ease Ukraine's gas terms, but Kiev must settle its bills

Russia may ease the terms of its gas supplies to Ukraine but Kiev will have to pay for the gas Moscow is supplying to rebel-held areas of east Ukraine, Russian Energy Minister Alexander Novak said.

A supply deal for the winter expires on March 31, along with a discount of $100 per 1,000 cubic meters of gas and a suspension of a take-or-pay requirement.

In an interview with Reuters, Novak said Russia was open to prolonging those concessions even without a new deal, which has been referred to as a "summer package", for the period after March 31.

"A discount is possible under the contract as well. No separate (summer) packages are needed if Ukraine and Russia reach an agreement. Take-or-pay (suspension)... is also possible, it depends on the talks between companies," Novak said.

Read the article HERE