Following the telephone conversation between the Ukrainian President Victor Yuschenko and the Russian President Vladimir Putin, OAO Gazprom’s Chairman of the Management Committee Alexey Miller and NAK Naftogaz Ukrainy’s Chairman of the Board Oleg Dubina today have reached over the telephone an agreement solving the crisis situation in the gas area.

The Parties have agreed that the gas delivered between January 1, 2008 and March 1, 2008 will be fully confirmed by relevant documents and paid by NAK Naftogaz Ukrainy in accordance with the delivery scheme effective as of the beginning of the year. Issues related to the deliveries of Russian gas will be settled. The negotiations on other matters in respect of cooperation in the gas area will be continued.

The transit of the Russian gas across the territory of Ukraine for the European customers remains in full. Restrictions on deliveries of gas for the Ukrainian customers have been removed.