Russia will seek to use the momentum created...

A deal extending the lease on a Russian base in the Ukrainian port of Sevastopol for 25 years after the current lease expires in 2017 was ratified on Tuesday by the Russian and Ukrainian parliaments. In return for the lease, which may be further extended by five years, Ukraine will receive a 30% discount on Russian natural gas that is equal to $40 billion.

On Friday Russia and Ukraine will hold intergovernmental talks to discuss possible joint projects.

"We are ready for everything at once," the Vedomosti daily quoted Russian Prime Minister Vladimir Putin as saying about Russia"s intentions.

Putin has proposed creating a holding company "incorporating production, nuclear engineering, the fuel cycle, and operations in the nuclear fuel sector".

Russia and Ukraine provide each other with nuclear fuel, so it will be easier to modernize the joint nuclear sector and expand it to the foreign market.

Russia is also ready to launch into a partnership with

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