Russia may double gas price for Ukraine

March 24, 2014

The Russian natural gas price may increase to about U.S. $500 per 1,000 cubic meters for Ukraine from April 1 from the current $268.5, Ukrainian Prime Minister Arseny Yatsenyuk said on March 22, as cited by local news agency UNN, Prime has reported.

“There is a complete energy dependence on Russia in Ukraine. I had no doubts that the Russians would act as they did. I’ll remind you that at first they gave a political bribe in the form of a discount (on gas price), when gas was sold at $268 per 1,000 cubic meters. The discount expires on April 1,” Yatsenyuk said.

“From April 1, Russia, which had committed an act of armed robbery, and thus destroying our bilateral agreements, wants to double the gas price for Ukraine,” he said.

Yatsenyuk said that Ukraine will have to buy gas at the increased price, since nothing had been done over the recent years to diversify supplies.

Copyright: Prime, 2014