Russia is open to talks on resuming gas supplies to Ukraine and willing to offer a price cut of nearly 20 percent, Energy Minister Alexander Novak said on Friday, but the discounted price is still above the level Kiev demands.
Russian President Vladimir Putin agreed late last year to cut the gas price for Ukraine to $268.50 per 1,000 cubic meters after then-Ukrainian President Viktor Yanukovich said he would drop a planned trade agreement with theEuropean Union in favor of joining a Russian-led Customs Union.
But Yanukovich was toppled by mass protests in February, and Moscow hiked the price to $485, which …read more
Source: Newsweek