Russia May Offer Ukraine Cheaper Gas – Russian Deputy Prime Minister Shuvalov

December 3, 2013

Russia will offer cheaper natural gas to Ukraine if the government in Kiev opts to join a Moscow-led economic bloc after halting free-trade talks with the European Union, according to First Deputy Prime Minister Igor Shuvalov, Bloomberg reported on December 2.

Ukraine’s economic difficulties will be best resolved if it chooses integration with Russia, Shuvalov said in an interview last month in Bloomberg News’ Moscow office.

“No one other than Russia can provide Ukraine with the necessary funds so quickly and in such a quantity,” Shuvalov said. “A gas agreement could help relieve Ukraine of a huge problem. We can also give them a loan, but we will not help them without commitments on their part.”

Copyright: Bloomberg, 2013