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Russia, Ukraine to sign oil transit agreement within month

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Russia and Ukraine will sign an agreement on oil transit via the Ukrainian pipeline system within a month, Ukraine's Fuel and Energy Minister Yuri Boyko said on Wednesday.

Russia and Ukraine will sign an agreement on oil transit via the Ukrainian pipeline system within a month, Ukraine's Fuel and Energy Minister Yuri Boyko said on Wednesday.

The agreement will regulate tariffs and guarantees for oil transit across Ukraine. Earlier on Wednesday, the parties initialed the agreement despite some media reports that the deal would not be signed.

"If we are technically prepared, we are negotiating with our partners an increase in oil transit to 25 million tons and the agreement is intended for five years," he said.

KIEV, October 27 (RIA Novosti)

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