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Russia hikes gas price for Ukraine

Russian Prime Minister Dmitry Medvedev said that he has scrapped the last discount on gas price granted by Moscow to Ukraine

Moscow: Russian Prime Minister Dmitry Medvedev said on Thursday he has scrapped the last discount on gas price granted by Moscow to Ukraine, effectively raising the price by $100 to $485 for every 1,000 cubic metres.

“I am taking the decision to denounce the government decree from 30 April 2010,” Mr Medvedev said, referring to the discount on Russia granted to its neighbour in exc-hange for keeping its Black Sea Fleet facilities in Crimea's port of Sevastopol.

The decision means that “the price on gas for Ukraine is automatically... going up and will be $485 for 1000cm starting in April,” Gazprom chief Alexei Miller told Mr Medvedev.

Meanwhile, Mr Putin on Wednesday ended Russia’s agreements with Ukraine over the status of its Black Sea fleet.

Mr Medvedev added that Russia is looking into seeking further compensation from Ukraine for the discount granted which had prolonged Rus-sia’s Black Sea fleet lease to 2017.

( Source : AFP )
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