The current gas price for Ukraine is 230 U.S. dollars per 1,000 cubic meters. Bearing in mind the shift to market terms, gas prices for Ukraine may increase or drop.

If Ukraine does not sign the contract for gas supplies in the hours remaining until the New Year, Russian natural gas supplies for Ukrainian consumers will be stopped at 10 a.m. Moscow time [7a.m. GMT]. The actions will be clear and decisive.

If in the remaining hours, Ukraine does not sign a contract for gas, then at 10 a.m. Moscow time (0700 GMT) on January 1 the Russian Federation will completely sever supplies to the Ukrainian customer.

If in the remaining hours, Ukraine does not sign a contract for gas, then at 10 a.m. Moscow time on Jan. 1 the Russian Federation will completely sever supplies to the Ukrainian customer.

The agreements will provide additional security guarantees to gas exports to Europe and serve as a sound foundation for further cooperation between Russia and Ukraine in the gas sector based on market principles.

We are satisfied with the results of the negotiations ... We have reached agreement on a mutually profitable and mutually acceptable basis.