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You're reading: New gas talks set for Jan. 17
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Officials in Kyiv say the country’s stretched finances can barely cope with the current price for gas.

They hope to persuade Russia to reduce the cost of deliveries by offering a stake in Ukraine’s gas pipelines that carry around three-quarters of Russian gas supplies to Europe.

Moscow, however, is pushing for further concessions, and Russian Prime Minister Vladimir Putin ordered officials to speed up construction of the South Stream pipeline, which upon completion would bypass Ukraine’s gas transportation network.

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