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| Russia 'signs Ukraine oil deal' | |
| (about 2 hours later) | |
| Russia and Ukraine have reached a deal that will avoid disruption of oil supplies to the EU, according to Ukraine's state energy firm Naftogaz. | Russia and Ukraine have reached a deal that will avoid disruption of oil supplies to the EU, according to Ukraine's state energy firm Naftogaz. |
| Moscow had agreed to a 30% increase in the transit tariff for oil piped to Europe through Ukraine, it said. There was no confirmation from Russia. | Moscow had agreed to a 30% increase in the transit tariff for oil piped to Europe through Ukraine, it said. There was no confirmation from Russia. |
| Moscow had warned the dispute could threaten oil deliveries to EU states. | Moscow had warned the dispute could threaten oil deliveries to EU states. |
| Russian PM Vladimir Putin accused Kiev of abusing Russian oil transits but said he hoped a deal would be reached. | Russian PM Vladimir Putin accused Kiev of abusing Russian oil transits but said he hoped a deal would be reached. |
| "We are ready to deliver, we have a contract, but if any of the transit countries abuse, what can you do?" said Mr Putin. | "We are ready to deliver, we have a contract, but if any of the transit countries abuse, what can you do?" said Mr Putin. |
| Nikolai Tokarev, head of Russian pipeline company Transneft, said on Monday that Ukraine had demanded higher payments for the transit of Russian oil, changing the terms of a 2004 contract and thereby raising the prospect of a year-end energy dispute. | Nikolai Tokarev, head of Russian pipeline company Transneft, said on Monday that Ukraine had demanded higher payments for the transit of Russian oil, changing the terms of a 2004 contract and thereby raising the prospect of a year-end energy dispute. |
| Russia said the dispute could cut supplies to the Czech Republic, Slovakia and Hungary. | Russia said the dispute could cut supplies to the Czech Republic, Slovakia and Hungary. |
| Gas shortages | |
| Last month Moscow said it had reached a deal which should prevent a repeat of the gas supply crises of recent years. | |
| A Russia-Ukraine gas dispute last January cut supplies to Europe | |
| It agreed to ease the terms under which it supplies gas to Ukraine after talks between Russian Prime Minister Vladimir Putin and Ukraine's Yulia Tymoshenko. | |
| Moscow said that deal should prevent disruption - last January, many countries in Europe were left short of gas due to a payment dispute between Moscow and Kiev. | Moscow said that deal should prevent disruption - last January, many countries in Europe were left short of gas due to a payment dispute between Moscow and Kiev. |
| Russia provides about a quarter of the gas consumed in the EU and 80% of that is piped through Ukraine. | Russia provides about a quarter of the gas consumed in the EU and 80% of that is piped through Ukraine. |