Russia will sell gas to Belarus next year at a discount of about 30 percent to 40 percent compared with the prices its neighbors pay, President Dmitry Medvedev said late Monday, according to state television.

Gazprom is charging Belarus $122 per 1,000 cubic meters of gas in the fourth quarter of this year, Medvedev told Belarussian media, according to a transcript on Vesti-24’s web site. Gazprom sells gas to Belarus at a discount because it holds a stake in the Belarussian gas transport system.

(Bloomberg)