UKRAINE

The market for government-level emissions rights under the Kyoto Protocol is alive and well, mostly unfazed by the global economic downturn. Through the most opaque of the emissions trading schemes under the Kyoto climate change pact, nations comfortably below greenhouse gas targets can sell excess emissions rights to other countries in the form of credits called Assigned Amount Units (AAUs).

US Treasuries fell in Wednesday's session, after the results of the government's sale of $32 billion of five year notes, the debt instruments considered to be on the long end of the recession /recovery curve

to try to ease the deepening recession, but some have been criticized for putting national interests before trade commitments. ACT TOGETHER What shocks me, you see, what bothers me a bit is that in the international arena ... everyone agrees that we need to work and act together, IMF chief Dominique Strauss-Kahn told France Inter radio. Then when everyone goes home, everyone has his nati...

to try to ease the deepening recession, but some have been criticized for putting national interests before trade commitments. ACT TOGETHER What shocks me, you see, what bothers me a bit is that in the international arena ... everyone agrees that we need to work and act together, IMF chief Dominique Strauss-Kahn told France Inter radio. Then when everyone goes home, everyone has his nati...

Countries must keep their promises to coordinate measures to revive the global economy rather than pleasing voters with protectionist policies, the International Monetary Fund said on Tuesday.

The European Union lives relying on Russia for one-quarter of its gas supplies. If supplies are for some reason cut, many parts of Europe are left to shiver in the cold.

On Tuesday Russian gas supply pumped to Europe through Ukraine resumed following a two week long price battle with Ukraine.

Gazprom, Russia's state gas- export monopoly and NAK Naftogaz Ukrainy agreed to resume natural-gas flows to Europe today at 10:00 a.m. Moscow time.

On Monday the Ukrainian prime minister arrived in Moscow as Russia and Ukraine prepared to sign a deal ending a contentious dispute that cut off Russian natural gas shipments to Europe for nearly two weeks.

Russian energy giant OAO Gazprom said that it was preparing documents on gas supplies which would be signed on Monday.

European officials are urging Russia and Ukraine to quickly enforce an agreement to resume delivery of natural gas to many of the freezing nations affected by a dispute which has paralyzed supply delivery. Millions of people are enduring heat and cooking gas shortages as well as sub-zero temperatures at this time.

Russia and Ukraine are moving toward a government level meeting on Saturday to resolve the ongoing gas dispute, Ukraine's prime minister said Thursday.

Parts of Europe spent yet another day without gas as the Russian and Ukrainian energy providers failed to reach an agreement on supplies as promised, with hundreds of thousands of Europeans beginning a second week with little or no heat in their homes, offices or schools.

Oil futures rebounded for the first time in six days in New York after Saudi Arabia said it will cut its February production.

Russian state-owned gas firm Gazprom on Tuesday accused Ukraine of blocking Russian gas traveling through pipelines into Europe, just hours after it was reported that gas flows had resumed.

Russia began sending gas to Europe through Ukrainian pipelines on Tuesday, ending nearly a week-long contract standoff that came in the middle of winter. It will take up to 36 hours for the gas to make its way through the pipelines, however a dispute about gas for the Ukraine has not been settled yet.

Natural gas supplies will resume to Europe on Tuesday following an announcement from Russia's state-run monopoly Gazprom.

Ukraine signed a deal today to allow the tracking of natural gas shipments from Russia, opening a way for Europe to receive again gas supplies from Russia.

The end to the dispute seems to be near with Russia is expected to resume its supplies to Ukraine this week following an EU agreement with monitors being deployed to monitor gas flow in Ukraine.

Talks between Russian and Ukrainian officials continued late into Friday with both sides failing to agree on the resumed gas supply to Europe via Ukraine.

Russian state controlled oil firm OAO Gazprom could unblock its gas shipments to Europe Friday on the condition that a monitoring mission led by the EU tracks the gas flow through Ukrainian pipelines.