Russia resumed natural gas supplies to Europe via Ukraine, raising hopes that Europe's worst energy crisis in three decades had come to an end. A setdement between Moscow and Kiev on a new pricing arrangement was reached after a meeting between Gazprom and Naftogaz Ukrainy that was presided over by Russian Prime Minister Vladimir Putin and his Ukrainian counterpart, Yulia Tymoshenko. The state firms inked two separate 10-year contracts - one on supplies the other on transit - that will remove shadowy trading intermediary RosUkrEnergo from the gas trade (EC Jan.l6,p2).
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