Tymoshenko, Putin reach new gas deal

Following talks yesterday in Yalta, Ukrainian Prime Minister Yulia Tymoshenko and her Russian counterpart Vladimir Putin announced a new gas arrangement. Under the agreement, Ukraine will not be fined for gas it does not use, but agreed to take in a January contract. Putin said Gazprom and Naftogaz of Ukraine would agree on new volumes and that the deal should avert gas transit disruptions to the European Union.