Ukraine President Want to Renegotiate Gas Price with Russia This Week

December 3, 2013

Russia and Ukraine may hold negotiations this week which would include talks on the price for natural gas by December 8, not in the next two weeks as Prime Minister Nikolai Azarov had said, Ukrainian President Viktor Yanukovich said late on December 2, as cited by RIA Novosti, Prime reported on December 3.

“There is an agreement with the Russian government to sit at the negotiation table already this week,” Yanukovich said in an interview with local television channels.

“We hope to agree with Russia and revise our strategic contract,” he said.

“They have started losing the Ukrainian market, it is unprofitable for them to do it; and today, when we are holding talks on gas issues …they ask us: are you ready to resume the Ukrainian gas market for Russia? We say we are, but under one condition, that you will cut our gas price,” Yanukovich said.

He said earlier that a fair gas price for Ukraine is U.S. $300 per 1,000 cubic meters. At present, the price is $410 per 1,000 cubic meters, accounting for a discount granted by Moscow for keeping its fleet on the Ukrainian part of the Black Sea.

Copyright: Prime, 2013