Russia offered to modernize the Ukrainian gas pipe.

Russia was ready to take part in the modernization of the transmission system (GTS) of Ukraine, the negotiations on this issue has already come, transmits "Interfax" referring to the press service of the Ministry of Energy of Russia.
Statement by Russian officials was followed after the start of the conference in Brussels, devoted to the modernization of the Ukrainian gas transportation system. It was expected that its EU and Ukraine agree on the allocation of credit Kiev for two and a half billion dollars, which will go to the gas industry, including the reconstruction of compressor stations. The conference was attended by Minister of Energy and Russia Sergei Shmatko.
According to the press service of the Ministry, Russia is participating in the negotiation process to modernize the Ukrainian gas transport system, because this issue depends on global energy security. Earlier Russia said that they are willing to participate in the privatization of the TCU, if the Ukrainian authorities choose to sell the asset. However, Ukraine has repeatedly stressed that TCU will not be given to private or foreign investors.
According to the plan submitted by the Ukrainian side, for the modernization of the GTS should be around three billion dollars. In the "Gazprom" has already stated they believe this amount greatly underestimated. According to the Russian side, the reconstruction will cost TCU approximately 30 billion dollars, transfer agency UNIAN. This compares with the price throughout the TCU, which in January, estimated by the Secretariat of President of Ukraine Viktor Yushchenko at 25 billion dollars.
In the European Commission noted that in the Ukrainian gas transmission system in the EU provided about 80 percent of gas supplies from Russia. Originally it was anticipated that Brussels will provide for the modernization of the TCU two billion euros on a pro bono basis, but then it was decided to provide funds in the form of a loan. Bet on it will be, according to preliminary data, LIBOR (interbank rate for loans on the London Stock Exchange), plus one percent.