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Ukrainian American Bar Association

Ukraine With Few Months Gas Store Needs Russia Deal: BofA

27 Jun 2014 8:31 AM | Anonymous

Ukraine has “a few months” of natural gas reserves, meaning it will have to sign an agreement on prices with Russia to guarantee supplies during the winter, according to Bank of America Corp. Gas inventories in Ukraine are currently about 15 billion cubic meters (530 billion cubic feet), more than half of the country’s annual imports, Vadim Khramov, a Ukraine economist at the bank, said today at a press conference in London. Ukraine will try to source more gas from Europe if no agreement with Russia’s OAO Gazprom is reached in the next three to four months and may eventually be forced to sign a deal, he said.   Bloomberg.  Read More


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