On Oct. 30, roughly four months after Russia cut off natural gas supplies to Ukraine , Russia's Gazprom and Ukraine's Naftogaz signed a temporary agreement worth $4.6 billion allowing Ukraine to import 4 billion cubic meters of natural gas until the end of March. Russia has agreed to sell Ukraine natural gas for $378 per thousand cubic meters for the fourth quarter of 2014, and $365 per thousand cubic meters for the first quarter of 2015. At the same time, Ukraine committed to paying $3.1 billion by the end of this year, in two tranches — the first $1.45 billion and the second $1.65 billion. As Kiev requested, Ukraine will be allowed to order natural gas at a fixed price as needed, thus avoiding a so-called "take-or-pay" system. Nevertheless, long-term natural gas supplies will be determined at a later date as both sides pursue international arbitration.