Monday, April 14, 2014

Ukraine ready to pay $386 per 1,000 cubic metres of gas

Ukraine is ready to pay $386 per 1,000 cubic metres of gas to Russia, Stepan Kubiv, Chairman of the National Bank of Ukraine (NBU), who is currently in the United States, told journalists here on Sunday.

He also pointed out that the country would meet all obligations regarding the existing debts. "Ukraine has always paid to creditors on time, basing intself on market and contractual prices," Kubiv explained. "We shall repay all our debts. And it cannot be otherwise."

Last week, in view of the denunciation of the "Kharkov Accords" about the Black Sea Fleet, Russia's Prime Minister Dmitry Medvedev signed a directive on the cancellation of zero customs duties on gas for Ukraine, which automatically signifies an increase in the price of gas being supplied to Kiev up to $485 per 1,000 cu. m. of gas. The directive applies to legal relationships that has arisen since April 2, 2014.


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