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Medvedev signs discount on Russian gas supplied to Ukraine

Moscow: Russian Prime Minister Dmitry Medvedev has signed a decree to apply a discount on export tariffs depending on the price of the gas supplied to Ukraine.



Moscow: Russian Prime Minister Dmitry Medvedev has signed a decree to apply a discount on export tariffs depending on the price of the gas supplied to Ukraine.

According to the decree, a discount of $100 will apply if the price for 1,000 cubic metres of gas stands at $333.3 and more, otherwise the discount will form 30 percent of the price, Xinhua reported.

"The signed decree prescribes, from November 1, 2014 to March 31, 2015, a special procedure for calculating the export tariff rates depending on the contract price for natural gas delivered from the territory of the Russian Federation to the territory of Ukraine," according to the decree.

Gazprom spokesperson Sergei Kupriyanov said later that the company was ready to start supply gas to Ukraine if Ukrainian state-run energy firm Naftogaz fulfilled its commitments according to the protocol signed in Brussels Thursday.

According to the $4.6-billion agreement, Ukraine will receive gas from Russia starting from Nov 2014 through the end of March 2015 on the prepayment basis.

Kiev will pay Moscow its $3.1 billion gas debt in two tranches by the end of the current year to resume gas deliveries.

The price of Russian gas for the "winter package" will be established in accordance with the existing contract, taking into account the discount of $100 per 1,000 cubic metres.

Ukrainian Prime Minister Arseny Yatsenyuk Friday instructed the country's finance ministry, the national bank and Naftogaz to start paying for Russian gas deliveries.

From Zee News

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