Arab Today, arab today gazprom ups pressure on ukraine with gas price rise
Last Updated : GMT 15:18:37
Arab Today, arab today
Arab Today, arab today

Gazprom ups pressure on Ukraine with gas price rise

Arab Today, arab today

Arab Today, arab today Gazprom ups pressure on Ukraine with gas price rise

Moscow - AFP

Russian energy giant Gazprom on Tuesday announced it was raising the price of gas exports to Ukraine by more than a third, scrapping a previous discount amid mounting strains between the two countries. Ukraine will now pay a price of $385.5 dollars per 1,000 cubic metres of gas, Gazprom chief executive Alexei Miller said in a statement, raising the price from $268.5 per 1,000 cubic metres previously. "The discount will no longer apply," he said in a statement. "This is due to the inability of the Ukrainian side to pay for debts from 2013 and realise full payments for current deliveries." He said that the debt currently owed by Ukraine to Gazprom amounted to $1.711 billion. Russia has repeatedly shown readiness to use gas as a lever in conflicts with Ukraine, which remains dependent on imports from its resource-rich former Soviet master to keep the country running. Tensions between Moscow and Kiev are running high after a pro-West government came to power in Kiev following the fall of president Viktor Yanukovych and Russia seized the Crimea peninsula from Ukraine in defiance of the international community. Miller also said that Gazprom would from the second quarter onwards be paying 10 percent more to Ukraine for transit of Russian gas to Europe through Ukraine. Europe currently receives about a third of its gas needs from Russia and while the current crisis has prompted new calls for a diversification of energy sources there is little chance of this happening fast. EU officials nervously eye gas conflicts between Moscow and Kiev after a dispute in early 2009 left much of central Europe without gas in a freezing winter. The gas price rise by Gazprom -- although widely expected -- is a new blow to the Ukrainian economy which needs an international rescue to stave off the risk of default. Ukraine agreed last week to raise  domestic gas consumer prices by up to 50 percent in order to meet a key loan condition from the International Monetary Fund.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gazprom ups pressure on ukraine with gas price rise Arab Today, arab today gazprom ups pressure on ukraine with gas price rise

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gazprom ups pressure on ukraine with gas price rise Arab Today, arab today gazprom ups pressure on ukraine with gas price rise

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday