on the news:
Russia will sign a new gas deal with Ukraine today to settle their gas dispute and resume gas supplies to Ukraine and European countries, local media reported on Sunday.
Under the new deal, Russia would sell Ukraine gas at a price “based on the European price formula” but would offer a 20-percentdiscount for 2009. In return, Ukraine agreed not to raise its transit fee for Russian gas to Europe.
Russia cut off gas supplies via Ukraine to Europe on Jan. 7, one week after it halted gas supplies to Ukraine due to failed talks on pricing and terms of fees.