Support The Moscow Times!

Kiev Is Willing to Pay Market Prices for Russian Gas - Minister

Ukraine is willing to buy Russian gas at market prices, Ukrainian Energy Minister Volodymyr Demchyshyn said during interview with the RIA Novosti news agency on Friday.

"If Gazprom offers us the market price [for gas], we do not have any political reason to refuse," the minister was quoted as saying by RIA Novosti, adding that Ukraine assumes that the market price of Russian gas is "significantly lower than $180 per 1,000 cubic meters."

Demchyshyn also said that it is necessary for the two countries to hold gas supply talks with the participation of the European Commission. The minister said this format would make the talks “very comfortable.”

Ukraine does not exclude the possibility of buying gas supplies from the United States, provided that Europe gives permission to use terminals required to receive the fuel, the minister added.

On Friday, Ukraine was deprived of the $17,77 per thousand cubic meters discount that had been previously granted by the Russian government. Without the discount, the price of 1,000 cubic meters of gas equals almost $230, according to the current contract between Russia's Gazprom and Ukrainian state-run energy firm Naftogaz.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.