Russia鈥檚 Energy Minister Alexander Novak said on Wednesday that the discount on gas price for Ukraine will expire by the end of March, according Russian news agency Tass.
"On March 31, 2016, the discount on the gas price for Ukraine, which was granted by the Russian government in the amount of $17.77 for the first quarter, expires. The final price of gas for Ukraine in the 1st quarter was $212 per 1,000 cubic meters,"听said Novak.
The discount was agreed within the framework of the so-called "winter package" by Russia, Ukraine and the European Union, said the minister, and added that From April 1 of 2016, the price of gas for Ukraine will fully comply with the current contract between Gazprom and Naftogaz of Ukraine.
On the basis of agreement between two countries, Ukraine will pay $230 per 1.000 cubic meters natural gas without discount as of April 1.
Ukraine鈥檚 natural gas import from Russia halved in 2015 to approximately 7.8 billion cubic meters of gas.
By Ugur Ertas
Anadolu Agency
ugur.ertas@aa.com.tr
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