Russia is set to charge Ukraine $500 for 1,000 cubic metres of natural gas, reported the New York Times on Sunday, $100 more than what it was already charging and nearly a third higher than what Russia’s gas company, Gazprom, charges clients elsewhere.
According to NYT, Moscow had agreed to give a $100 discount to Ukraine for natural gas back in 2010, when it renewed the lease for its Black Sea naval fleet in the Crimean Peninsula. However, as Russia now considers Crimea to be part of its territory, it believes that it is no longer obliged to offer Ukraine discounted gas.
Additionally, Prime Minister Dmitry Medvedev said last Friday that he would pursue back payments from Ukraine for past discounted natural gas, as Ukraine has been receiving the discount since 2010 even though the new lease agreement was only set to be in place by 2017.
"The Ukrainian state saved some $11 billion dollars and accordingly the Russian budget has a missed profit of the same $11 billion," Medvedev said, as cited by AFP.
"I believe that we cannot lose such money taking into account the fact that our budget is also struggling," Medvedev added in comments released by the Kremlin.
Ukraine’s new prime minister, Arseniy P. Yatsenyuk, slammed the Russian government’s decision as unfair, given that annexed territory was now being used to justify the amendment of a commercial energy contract.
Credit to Economy Watch
No comments:
Post a Comment