Loki
04-01-2014, 09:04 AM
Gazprom hikes Ukraine gas price by a third (http://www.bbc.co.uk/news/business-26831678)
http://news.bbcimg.co.uk/media/images/73942000/jpg/_73942714_d4a89e41-c0d7-4110-bd48-bf81353890bf.jpg
The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by more than a third.
The company's chief executive Alexei Miller says the change was because Kiev has failed to pay its bills.
He said its current debt to Russia stood at just over $1.7bn (£1.02bn).
Russia had previously offered Kiev a subsidy, but the recent political crisis in Ukraine has led to a deterioration in relations.
Mr Miller says the price of Russian gas for Ukraine has gone up to $385.5 per 1,000 cubic metres in the second quarter of 2014 from the previous rate of $268.5.
The news comes as Nato foreign ministers prepare to discuss ways to help Ukraine in the first meeting of ministers from the 28 member states since Russia's takeover of Crimea caused a diplomatic crisis.
On Monday, Russia ordered a partial withdrawal of its troops from the border with Ukraine.
http://news.bbcimg.co.uk/media/images/73942000/jpg/_73942714_d4a89e41-c0d7-4110-bd48-bf81353890bf.jpg
The Russian energy company, Gazprom has raised the price it charges Ukraine for gas by more than a third.
The company's chief executive Alexei Miller says the change was because Kiev has failed to pay its bills.
He said its current debt to Russia stood at just over $1.7bn (£1.02bn).
Russia had previously offered Kiev a subsidy, but the recent political crisis in Ukraine has led to a deterioration in relations.
Mr Miller says the price of Russian gas for Ukraine has gone up to $385.5 per 1,000 cubic metres in the second quarter of 2014 from the previous rate of $268.5.
The news comes as Nato foreign ministers prepare to discuss ways to help Ukraine in the first meeting of ministers from the 28 member states since Russia's takeover of Crimea caused a diplomatic crisis.
On Monday, Russia ordered a partial withdrawal of its troops from the border with Ukraine.