You're reading: Russia Today: Ukraine tries to get out of gas contract

Editor's Note: The following story was published online by RussiaToday, a Kremlin-funded information organization that has been criticized for its anti-Western and anti-Ukrainian propaganda.

As the gas dispute between Russia and Ukraine continues to build up, some analysts agree that the talks may result in a new consortium managing the Ukrainian transit pipeline system. Ukraine says because of its struggling economy it can't afford the volumes agreed in its contract with Moscow, and wants to cut purchases by half.Gazprom says this violates the agreement signed in 2009. According to the contract, Ukraine agreed to receive 52 billion cubic meters of gas per year from Russia, but intends to cut that by half to 27 billion cubic meters this year.Russia's energy major, Gazprom says Kyiv could have reduced its order by up to 20%, if it was given six month's notice.

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