Russia temporarily cuts gas price by one third to help Ukraine

Russia will provide gas to Ukraine at a price of $ 268.5 dollars per thousand cubic meters which is lower by one third of the previous price which was $ 400 per thousand cubic meters, said Russian President Vladimir Putin on Tuesday after a meeting of the Russian- Ukrainian Interstate Commission.

The agreement was signed between Russia’s "Gazprom" and "Natftogaz Ukraine" in the presence of President Putin and President of Ukraine Viktor Yanukovych.

Putin said that Russia has been providing Ukraine with heavy discounts on gas, which has helped Kiev to save more than $ 10 billion. He further added that Russia seeks to "move on from constant discussions on price to a pragmatic cooperation - both on gas supplies to Ukraine, and reliable transit to European consumers."

Putin also added that the Russian government has decided to keep a part of its National Welfare Fund worth $ 15 billion as bonds with Ukraine to help the economy of the country.

Following the meeting, the Commission signed a number of bilateral agreements on cooperation in aviation, infrastructure, security, shipbuilding, drug control, prevention of industrial accidents, disaster management and aerospace industry.
http://indian.ruvr.ru/news/2013_12_17/Russia-cuts-gas-price-Ukraine/
17/12/13
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