MOSCOW, Dec 18 (Reuters) - Moscow stock indexes were little changed early on Wednesday, with shares in Russia's chief gas producer Gazprom slightly up after Kiev reached a deal with Moscow to cut the price of gas supplies to Ukraine.
Russian President Vladimir Putin announced the decision to slash the price of gas exports by a third late on Tuesday.
Shares in Gazprom rose 0.1 percent by 0700 GMT, with the price discount mostly priced in after weeks of speculation about the deal.
'The deal appears to be a first step to the long-term solution, we believe, and we expect the story to develop into a proper arrangement for the transparent operations of Ukraine's gas pipelines network and underground storage facilities,' Artem Konchin, analyst at JP Morgan said in a note, adding that markets still needed to properly assess the potential impact.
Uralsib Capital analysts estimated the revenue loss from the move to cut the export price at $2.3 billion, suggesting a 4 to 5 percent decrease in 2014 estimated EBITDA (earnings before interest, taxation, depreciation and amortisation).
At 0657 GMT the rouble-denominated MICEX index was up 0.2 percent at 1,482 points and the dollar-denominated RTS index rose 0.2 percent to 1,1417 points.
Russian bond yields and the rouble were little changed as investors waited to see whether the U.S. Federal Reserve will act to cut its monetary stimulus at its policy meeting later in the day.
The rouble was up 0.1 percent against the dollar at 32.94 , and flat against the euro leaving it 0.2 percent weaker at 38.53 against the dollar-euro basket.
For rouble poll data see
For Russian equities guide see
For Russian treasury bonds see
Russia in graphics: http://link.reuters.com/dun63s
(Reporting by Maya Nikolaeva; Additional reporting by Denis Pinchuk; Editing by Lidia Kelly and David Holmes) Keywords: RUSSIA MARKETS/
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.