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Ukraine ready to pay $1.9bln for Russian gas if agreement on interim price of $326 per 1,000 cu m reached

13-06-2014 13:34

"Ukraine is ready to pay 1.9 billion dollars which it owes Russia for natural gas if an agreement on the interim price of 326 dollars per 1,000 cu m is reached," Andriy Kobolev, board chairman of Ukraine's national oil and gas company Naftogaz, said at a press conference in Kyiv on Friday.

According to him, 326 dollars suggested by the European Union is not quite a fair market price, but Ukraine is ready to pay it for 18 months before the gas dispute is finally settled through negotiations with Russia's Gazprom or resolved in the Stockholm Court of Arbitration.