Russia, Ukraine Gas Agreement Warms Europe Amid Widening Glut
- Russia, Ukraine reach deal on gas supplies for winter
- Deal less important to EU than in past because of oversupply
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It’s going to be a toasty winter in Europe.
Ukraine, a dominant gas transit hub, reached a supply agreement Friday with Russia, the European Union’s largest outside supplier of the fuel. The decision ends a disagreement between the two that threatened to disrupt flows into Europe this winter, just as homeowners and businesses start firing up natural gas-powered boilers and other heating units.