Medvedev Names Moscow’s Terms for Resumption of Gas Cooperation With Ukraine

MOSCOW, September 3 (RIA Novosti) – Moscow will resume gas cooperation with Ukraine only when Kiev repays its “astronomical” debt to Russia in full and agrees to the average annual price of $385 per 1,000 cubic meters of gas, Russian Prime Minister Dmitry Medvedev said Wednesday.
“We are ready to discuss ways to resume our gas cooperation with Ukraine, a country that owes us. However, two preconditions must be fulfilled. Firstly, the existing debt, which has already risen to astronomical figures, must be repaid in full. And, secondly, even if the price is subject to seasonal revisions, the average annual price with a $100 discount… must be $385 per 1,000 cubic meters,” Medvedev told reporters, commenting on a recent statement by his Ukrainian counterpart Arseniy Yatsenyuk.

The Russian prime minister added that if Ukraine rejects the proposed $100 discount, the resulting price of $485 per 1,000 cubic meters of gas will suit the Russian side perfectly.

Earlier in the day, Ukrainian Prime Minister Arseniy Yatsenyuk said that Kiev offered Moscow two variants on gas pricing that would be set at $300 per 1,000 cubic meters during the low season and $380 during the winter season, or tie the gas prices to the spot market in Europe..................http://en.ria.ru/business/20140903/192605847/Medvedev-Names-Moscows-Terms-for-Resumption-of-Gas-Cooperation.html
3/9/14
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