Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Yatsenyuk Rejects $100 Discount for Gas Prices
11.06.2014 13:56
Yatsenyuk Rejects $100 Discount for Gas Prices
Photo Credit:

As both parties gathered in Brussels to resolve the dispute, Ukraine’s Prime Minister went public to reject the $100 discount for gas supplies.

      According to Arseny Yatsenyuk, Kiev demands a change in the contract and will not fall into ‘traps’ set by Moscow.

      The Ukrainian and Russian minister are now holding negotiations on the price in Brussels.

      Earlier, Russia-IC reported that the previous round of talks that took place on June 9 in Brussels didn’t lead to any breakthroughs.

      Gazprom issued a warning it would switch to advance payments with Ukraine after June 16 if it fails to repay its mounting debt currently standing at almost 5 billion, according to the Russian gas giant.

      In May, Russia signed an historic deal with China on natural gas supplies with a view to diversify its exports amid similar calls in Europe.

      The exact price has not been disclosed but it’s been reported that the 30-year contract for the supplies of 38 billion cubic meters of gas could bring Russia as much as $400 billion.

      Elsewhere, Lithuania's competition council has fined Gazprom a whopping $48 million for allegedly preventing competition in the Baltic state where the Russian gas monopoly is the sole supplier.

      Gazprom is facing another investigation into a possible breach of competition rules in the EU.


Author: Mikhail Vesely

Tags: Ukraine crisis Crimea Gazprom   

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

Dmitriy Nalbandyan  Alexander Pushkin  Russian elderly  Exhibitions in Moscow  Armory  Russian economy  Russian Monuments  Russian fashion  Republic of Bashkortostan  Russian circus  VTB  Astrakhan  Russian football team  Throat Singing  Russia-Japan  Moscow  St. Petersburg  Year of Literature in Russia  Schmallenberg virus  Russian scientists  Russian regions  Russian tourism  Visa   South Ural State University  Vladimir  Nobel Prize  Oboronservis  Mercedes-Benz Fashion Week Russia  Gennady Gudkov  Arkady Rylov  Russian business  Russian Premier League  Vladimir Yankilevsky  Giles Deacon  "Christmas Light" Festival  anniversary  Chelyabinsk Region  Russian artists  Cars  Ataman  Choir Singing  Mineralnye Vody Airport  Olympic Torch   Russian science  invalids in Russia  Space Exploration  LUKoil   Russian Cinema  incident  Ustyuzhna 

Travel Blogs
Top Traveling Sites