“We have lost time, it’s too late to talk about a new transit contract,” Medvedchuk quoted NewsOne as saying.

The politician said that in his opinion, it is hardly possible to avoid the cessation of transit of Russian gas through Ukraine.

He also noted that the only beneficial option for the Ukrainian side could be the creation of a gas consensus with the participation of Russia, the EU and Ukraine.

Earlier, Russia and Ukraine agreed to strengthen joint work to discuss gas issues.