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Friday, April 23, 2010

Russian Black Sea fleet to stay in Ukraine


Ukrainian port of Sewastopol
Ukraine has extended the lease allowing Russia's Black Sea Fleet to be stationed in Ukraine by 25 years in exchange for cheaper Russia gas.

The lease, which was to expire in 2017, allows the fleet to access the Ukrainian port of Sewastopol.

Ukrainian President Viktor Yanukovych and his Russian counterpart Dmitry Medvedev agreed to the deal, which was signed Wednesday in the eastern Ukrainian city of Kharkiv, BBC News reports.

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