The Agreement sets further terms of stay of the Black Sea Fleet of the Russian Federation in the territory of Ukraine.
Since 28 May 2017, validity of the Agreement between Ukraine and the Russian Federation on the Status and Terms of Stay of the Black Sea Fleet of the Russian Federation in the Territory of Ukraine, the Agreement between Ukraine and the Russian Federation on Conditions of the Black Sea Fleet Division and Mutual Settlements related to the Black Sea Fleet Division and Stay of the Black Sea Fleet in the Territory of Ukraine of 28 May 1997 shall be prolonged for 25 years with further tacit prolongation for five-year periods, unless either Party notifies the other Party in a written form about the termination of Agreements not later than one year before the termination date.
The Agreements increases the rental payment for the stay of the Black Sea Fleet of the Russian Federation in the territory of Ukraine. Thus, since 28 May 2017, it shall consist of the payments of the Russian Federation in the amount of USD 100 million per year and extra funds obtained from the reduced price for gas imported by the Russian Party into Ukraine since the Agreement enactment.
A relevant bill was registered under Reg. No. 0165.