Merkel hopes that the problems with gas transit through Ukraine in the past

BERLIN, October 23. The problem of transit of energy resources via Ukraine remained in the past. This opinion was expressed on Friday by German Chancellor Angela Merkel, speaking at the Ukrainian-German business forum.

“Before, we had problems with transit through the territory of Ukraine, but they remained in the past,” said Merkel.

At the moment the gas that Germany uses, comes on a string of Nord stream under the Baltic sea. The gas pipeline through Ukraine mainly supplies countries in Eastern Europe.

In turn, Prime Minister of Ukraine Arseniy Yatsenyuk promised that Ukraine will fulfill its commitments on gas transit this year.

“Ukraine is a reliable transit territory (Gaza), she performed in last year its transit obligations and provided gas supplies to the EU. This year we will fulfill our obligations”, – he said.

Earlier today the Minister of Finance of Ukraine Natalie Jaresko and first Vice-President of the European Bank for reconstruction and development (EBRD), Phil Bennett signed an agreement on the allocation of Kiev of $ 300 million for the purchase of gas on the Western border.

The signing ceremony was held in Berlin in the presence of German Chancellor Angela Merkel and Prime Minister of Ukraine Arseniy Yatsenyuk.

Investments in Ukraine’s economy

Merkel said that the investments the Federal Republic of Germany in the Ukrainian economy amounted to €4-5 billion

“Our investment in the Ukrainian economy amounted to €4-5 billion,” she said.

Merkel expressed the opinion that this financial support has helped to Kiev as “Ukraine performs a number of important reforms”.

Relations with Russia

Chancellor Angela Merkel expressed support for good economic relations of Ukraine with Russia.

“We want Ukraine to have good economic relations not only with Europe but also with Russia,” said Merkel.

In this case, said the Chancellor, our desire to improve economic relations of Kiev with the European Union “is not directed against Russia.”