facebook
twitter
rss
account
search
search
 

Kiev standing up to Russia's Gazprom

Kiev said Gazprom gas prices are unreasonable.
By Daniel J. Graeber   |   April 7, 2014 at 10:02 AM   |   Comments

| License Photo
KIEV, Ukraine, April 7 (UPI) -- The Ukrainian government won't bow to pressure from the Kremlin by accepting a rise in natural gas prices, Prime Minister Arseniy Yatsenyuk said.

Russian energy company Gazprom said Ukraine has accumulated around $1.7 billion in gas debt and a discounted price for natural gas, secured in December, no longer applied.

Yatsenyuk said his government was ready to make "all payments" for previous gas supplies from Russia, adding increased prices were unacceptable.

"Ukraine is ready to continue buying natural gas at the price that was in effect since the beginning of the year -- $268 [per 1,000 cubic meters]," he said Saturday. "This is an acceptable and balanced price."

Gazprom in 2009 cut gas supplies to Ukraine in response to contractual disputes. The deal that ended the impasse left Ukraine with some of the highest gas bills in Europe and sparked concerns about energy security in the region.

European consumers get about a quarter of their gas needs met by Russia, though most of that runs through the Soviet-era transit system in Ukraine.

Yatsenyuk said the administration of ousted President Viktor Yanukovych left the Ukrainian economy in shambles. The new government is working with Western leaders to secure relief from the International Monetary Fund.

[ITAR-Tass]

Follow @dan_graeber and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Pakistan seeks coastal patrol cutters from U.S. Pakistan seeks coastal patrol cutters from U.S.
2
Work moves ahead on two new guided missile destroyers Work moves ahead on two new guided missile destroyers
3
U.S. Navy authorizes building of Common Missile Compartment tubes U.S. Navy authorizes building of Common Missile Compartment tubes
4
Slovak military orders C-27J Spartans Slovak military orders C-27J Spartans
5
Gas capacity added to North Dakota shale Gas capacity added to North Dakota shale
Trending News
Around the Web
x
Feedback