You're reading: Azarov: Gas price in Ukraine five times higher than in US

Ukrainian Prime Minister Mykola Azarov has said that the price of gas for Ukraine is five times higher than in the United States.

"An agreement on gas supplies from Russia, which is unfavorable for us, remains in effect. This price is five times higher than that in the United States. Let’s think for a moment – the price in the United States is $99 per thousand cubic meters, while that in Ukraine is $516, not including the Kharkiv discount," he said at a meeting with Executive Director of the Global Fund to Fight AIDS, Tuberculosis and Malaria Michel Kazatchkine in Kyiv on Monday.

Azarov said: "We pay an addition $1 billion to Russia each month, but we could have spent this money on health and social needs."