Russia, Ukraine sign oil transit deal

© POOL / Go to the mediabankViktor Yanukovych and Dmitry Medvedev
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Moscow and Kiev signed an agreement on Friday regulating changes in oil transit tariffs for Russian oil through Ukrainian territory.

Moscow and Kiev signed an agreement on Friday regulating changes in oil transit tariffs for Russian oil through Ukrainian territory.

The deal,which was initialed on October 27, and was signed by Russia's Deputy Energy Minister Anatoly Yankovsky and Ukrainian Energy Minister Sergei Boiko, is likely to stipulate lower transit tariffs, .

Russian Energy Minister Sergei Shmatko said last month that Ukraine had improved its price guidelines for oil transport tariffs.

In January 2010, Ukraine increased oil transit tariff 30 percent to between 6.6 and 3.9 euros per ton per 100 km.

Ukraine has said it counted on a five-year transit agreement and a volume increase to 25 million tons from the current level of about 17 million tons.

GORKY, November 17 (RIA Novosti)

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