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Brussels, 2 June 2014
Statement by the European Commission following the trilateral energy meeting between the EU, Russia and Ukraine today
Following receipt of payment of 786 million USD by Gazprom from Naftogaz, a trilateral meeting on energy security between EU Energy Commissioner Günther Oettinger, Russian Energy Minister Aleksandr Novak and Ukrainian Energy Minister Yuriy Prodan took place in Brussels on Monday 2 June.
Real progress has been made. Intensive discussions led to a bilateral meeting between the CEOs of Gazprom and Naftogaz who discussed key commercial issues for a settlement of the ongoing gas supply questions. The CEOs of Gazprom and Naftogaz have developed an approach in which both companies will further consult and continue talks in the next days. Once these talks have led to a consolidated package proposal, both parties will report back to their ministers, with the aim to meet again in the trilateral format without delay.
It was agreed that as long as these talks are ongoing:
no party will go to Stockholm for arbitration.