Mon, May 07, 2012
World > Europe

Ukraine meets Russian gas payments despite price rise

2012-05-07 14:47:18 GMT2012-05-07 22:47:18(Beijing Time)  Xinhua English

KIEV, May 7 (Xinhua) -- Ukraine's state-run Naftogaz said Monday it was continuing to meet its payments to Russian gas giant Gazprom, despite a price rise of 9 U.S.dollars per thousand cubic meters to 425 dollars in the second quarter

Naftogaz said it had paid 628 million dollars for natural gas supplies in April under a 2009 agreement in which Ukraine has to make monthly payments to Russia within the first week of each month.

Kiev is seeking to reduce gas imports to 27 billion cubic meters to ease pressure on the state budget.

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