RUSSIAN GAS TO ITALIA: +99%
GAZPROM - March 20, 2018, a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Pasquale Terracciano, Ambassador of the Italian Republic to the Russian Federation, took place in Moscow.
The parties discussed the state and prospects of bilateral cooperation. It was noted that Gazprom had been a reliable supplier of gas to Italy for several decades. The Italian Republic is currently the third-largest importer of Russian gas. According to preliminary data, Russia's gas exports to Italy grew by 99 per cent in March 1–19, 2018, compared to the same period of last year.
Particular attention at the meeting was paid to the diversification of gas export routes from Russia to Europe. The parties reviewed the ongoing efforts to establish a southern supply route stretching across the Black Sea. Alexey Miller informed Pasquale Terracciano of the completion of over 50 per cent of the offshore section of the TurkStream gas pipeline. It was highlighted that the second string of the pipeline would provide European consumers with 15.75 billion cubic meters of gas annually.
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IMF - The agreement reached today reflects the IMF’s commitment to continue to help Ukraine achieve stronger, sustainable, and inclusive economic growth. The new program has been developed in close coordination with the World Bank and the European Union, who have parallel operations to support Ukraine. The authorities’ steadfast and effective implementation will be critical for the program to achieve its objectives.
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