MOSCOW, Dec. 31 (UPI) -- In a move to end a deepening crisis, Russia reportedly has offered to delay a massive natural gas hike for Ukraine for three months.

If Kiev agrees to the deal by the end of Saturday, the current price of $50 per 1,000 cubic meters will remain until April, when it will rise to $230, the BBC reported.

The BBC said if no agreement is reached, Russian gas supplier Gazprom plans to turn off the tap Sunday morning.

In response, Ukraine has said it wants further talks.

Russia currently supplies Ukraine with about 30 percent of its natural gas needs in a tradeoff for the pipeline going through that country.