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Gazprom, Ukraine PM fail to reach agreement, talks to continue

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Gazprom's CEO Alexei Miller and Ukraine's prime minister, Yulia Tymoshenko, have failed to agree on the details of bilateral gas relations but talks will continue, Russia's energy giant said Thursday.
MOSCOW, February 21 (RIA Novosti) - Gazprom's CEO Alexei Miller and Ukraine's prime minister, Yulia Tymoshenko, have failed to agree on the details of bilateral gas relations but talks will continue, Russia's energy giant said Thursday.

"The meeting is over, the talks will continue," Gazprom's spokesman Sergei Kupriyanov told journalists without specifying when the next round will be held.

The presidents of Russia and Ukraine agreed on a roadmap last week to settle Kiev's $1.5 billion debt for Russian gas supplies, with Ukraine's Viktor Yushchenko promising that his country would pay off the debt.

Gazprom has threatened to halt supplies if Ukraine fails to pay back $1 billion before March 14. An agreement was also reached to establish direct fuel supplies between Russian energy giant Gazprom and Ukraine's national oil and gas company Naftogaz.

Russia also proposed that Gazprom and Naftogaz set up two joint ventures on a parity basis. The two new companies should replace RosUkrEnergo, which holds a monopoly on gas exports, and gas import monopoly UkrGazEnergo. The Ukrainian government has already ruled to liquidate the latter.

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