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News

Ukraine could receive gas discount from Russian budget, Gazprom if it repays debt

02-06-2014 13:42

A discount from Gazprom could reduce the price Ukraine pays for Russian gas below $385.5 per 1,000 cubic meters, Gazprom CEO Alexei Miller told journalists."If Ukraine repays its gas debt, the Russian side will be ready to consider an arrangement for resolving the issue of price not only with a reduction in the export duty, but also under a direct commercial agreement on a corporate basis," Miller said.

Ukraine was charged $268.5 per 1,000 cubic meters for Russian gas in the first quarter of 2014. In connection with the halt in payments, the corporate discount was ended effective April 1 and the price rose to $385.5.Russian officials previously said the export duty was the only source of flexibility in the price of gas for Ukraine.