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Gazprom Postponed Cancelling Gas Supplies to Ukraine

Gazprom said on Wednesday it had secured an agreement from Ukraine

Gazprom Postponed Cancelling Gas Supplies to Ukraine

Gazprom said on Wednesday it had secured an agreement from Ukraine to pay $1.3bn in natural gas arrears by November 1.

Dmitry Medvedev said: "Euro­pean consumers won't suffer. European consumers are in an absolutely comfortable situation."

But despite his assurances, confusion remained about the exact nature of the agreement reached in Moscow, with analysts suggesting it might be only an initial step towards resolving a stand-off that has rekindled fears over possible shortages in gas supplies to Europe.

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