Ukraine is ready to cover Russia's shortages of electric power

According to Deputy Fuel & Energy Minister Aleksei Sheberstov, Ukraine is ready to cover Russia's shortages of electric power, Cabinet's press office reported.

Russia has asked Ukraine for assisting Russia in meeting the latter's commitments with regard to exports of electric power to third nations.

As Ukraine has got several idling facilities to generate electric power Ukraine might offset Russia's shortages, in exchange for supplies of natural gas to Ukrainian fuel-fired power plants, Sheberstov noted.

As he disclosed, the likely deal's commercial nuances are being discussed.

The talks, he disclosed, will be completed in October.

The talks involve the INTER RAO YEES ("Russia's Integrated Energy System") on the Russian side, Sheberstov added.