Thursday, March 31, 2016

Russian official says no more discount gas for Ukraine

The deal to provide Ukraine with discounted gas will expire Friday, the Russian news agency TASS quoted a Russian Energy Minister Alexander Novak as saying Thursday.

Ukraine enjoyed a 17.77 U.S. dollar discount on gas in a previous contract with Russia, buying the much-needed resource at 212 dollars per 1,000 cubic meters, Novak said.

Novak said the discount was agreed on within the framework of the so-called "winter package" by Russia, Ukraine and the European Union.


  • On Jan. 1, the Russian government approved the discount for Ukraine through the first quarter of 2016.

In 2015, Ukraine halved the purchase of Russian gas due to strained revenue.
 [Xinhua]
31/3/16

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