Gazprom BuildingMoscow, February 20 (RIA Novosti) - Russia has proposed to Ukraine the joint development of hydrocarbon fields in both countries on the basis of equitable asset swaps, the Russian prime minister said on Wednesday after bilateral talks.
"Our proposals to Ukraine concern not only transit operations, but also the joint development of hydrocarbons deposits in both countries, with a commensurate swapping of assets," Viktor Zubkov said.
The prime ministers of Russia and Ukraine confirmed the natural gas commitments made by their respective presidents.
Following talks with his Ukrainian counterpart, Yulia Tymoshenko, Zubkov said: "We have reaffirmed our rigorous compliance with the commitments made by our presidents in this field."
He also there were good prospects for Russian-Ukrainian cooperation in the nuclear sphere and in power engineering.
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This article goes on to say that while imports from the Ukraine have increased to almost 40%, Russian exports only grew 9%. The latest agreement between the two countries seems to be a way for Russia to undo some of its past wrongs when dealing with Ukraine and perhaps reap some of Ukraine’s trade benefits. The direct link between Gazprom and Naftogaz could create a super gas company that could create a monopoly on fuel in their area and it could cause the price of fuel to fluctuate.
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