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Russia, Ukraine Move Toward Interim Gas Deal Before Winter

Russia and Ukraine moved closer to a preliminary natural gas agreement -- valid for this winter only -- as the European Union brokers a truce in a dispute that was set to disrupt flows during the coming months.

If approved, Ukraine will pay $3.1 billion by the end of the year for previously delivered supplies and Russia in return will provide at least 5 billion cubic meters of gas to Ukraine in the coming months, EU Energy Commissioner Guenther Oettinger said today in Berlin following talks with the Russian and Ukrainian energy ministers. National leaders of both countries must still sign off on the deal, Oettinger said.