Ukraine and Russia Try to Forge Gas Deal at Brussels Talks

Oil and Gas Investing

Russia and the Ukraine began new talks as both countries look to have a gas deal in place as winter approaches.

Russia and the Ukraine began new talks as both countries look to have a gas deal in place as winter approaches.

According to Reuters:

For months, the cut-off has had little impact. But pressure is mounting for a deal as peak winter demand looms and European Energy Commissioner Guenther Oettinger, who has been mediating the talks, prepares to leave office at the end of the week.

Pasquale De Micco, a national expert from the European Parliament’s policy department, said:

What is certain is that a gas war risks harming both parties in the short term and that it would hamper future efforts to re-establish mutually trusting relations.

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