You're reading: Medvedev says Ukraine gas price may change

SKOLKOVO, Russia, May 18 (Reuters) - Russia's President Dmitry Medvedev said on Wednesday the gas price formula for its neighbour Ukraine could be subject to change in future.

Ukraine’s government has called the current price agreement, set in January 2009 when the government of Yulia Tymoshenko was in power, "unfairly high".

It hopes new talks will lead to lower gas prices that would benefit Ukraine’s economy.

"We are discussing it (gas prices). It is an economic topic with a wide scale of implications. Gas prices are formed according to economic laws and these prices should be applied, but that doesn’t mean we don’t have to make future plans," he said at a news conference

"In other words, we are not being stubborn and saying that the price should only be this and that’s it. Give us a price you think is right and we are ready to consider these options," he said.
Earlier this month Ukraine began formal negotiations with Russia to secure a new price formula for imports of Russian gas.