MOSCOW, Nov. 18 – The Russian Pipe Industry Development Foundation has said that it is inexpedient to prolong an agreement signed between the Russian Ministry for Economic Development and Trade and the Ukrainian Economy Ministry on settlement of supplies of some types of steel pipes from Ukraine to Russia.

"The agreement is not in the economic interests of the Russian pipe industry and industry as a whole," Alexander Deineko, head of the Russian Pipe Industry Development Foundation, said at a press conference at Interfax on Tuesday.