Support The Moscow Times!

EU Says Russia Must Offer Fair Gas Price, Ukraine Must Pay

EU energy commissioner Guenther Oettinger talks to the media after EU-Ukraine-Russia energy negotiations at the EU commission representation in Berlin earlier this week.

BERLIN — Ukraine must make a down-payment to Russia for gas and in return Moscow must offer a fair price for further deliveries, Europe's Energy Commissioner Guenther Oettinger said ahead of talks with the Russian and Ukrainian energy ministers in Berlin Friday.

Oettinger is acting as mediator in the talks, which on Monday saw the two governments agree to study his proposal that Ukraine pay Russia $2 billion by Thursday and a further $500 million by June 7.

The commissioner told German radio station Deutschlandfunk it was now clear how much gas Russia delivered to Ukraine between November and the end of May.

"The price for the months of January, February, and also now, is disputed so Ukraine has to explain today that it will make or has already made a first payment, a significant amount, a high three-digit million amount in dollars," he said.

"[That is] so that it's clear it is prepared to accept payment obligations; those who get gas must pay," he added.

Oettinger said the price of $485 per 1,000 cubic meters of gas that Russia is demanding was "unacceptable", not in line with market conditions and determined by politics. Ukraine insists on a price of $268.50 per 1,000 cubic meters.

In return for Ukraine making a down-payment, Russia has to give the former Soviet republic a fair price in line with the amount paid by other European countries, he said.

"After Ukraine has made a down-payment, we should expect Russia to guarantee a fair offer, a fair price in future."

In the medium-term the EU would be affected by Russia stopping delivery to Ukraine, Oettinger said. Russia supplies around a third of Europe's gas demand and about half of its gas imports from Russia flow through Ukraine.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more