European Union officials are meeting Russian and Ukrainian counterparts for their first three-way meeting to resolve a natural-gas pricing dispute before escalating tensions disrupt EU energy supplies. Energy officials from the three powers are gathering in Warsaw today as Russian gas exporter OAO Gazprom claims Ukraine owes $14.9 billion and threatens to move its cash-strapped neighbor to prepayments. The talks will focus on settling the gas debt given Ukraine’s financial and economic situation, Russia’s Energy Ministry said in an e-mailed comment.
Russia's War Against Ukraine
Bloomberg: EU holds Russia, Ukraine gas debt talks as tensions escalate
The $73 billion South Stream project bypasses Ukraine to transport Russian natural gas to the European Union. Its planned capacity is 63 billion cubic meters per year.
