You're reading: Russia’s proposal on temporary gas price unacceptable

Kyiv disagrees with Russia's proposal to set temporary gas price of $385.5 per 1,000 cubic meters, the press office of Ukrainian Energy and Coal Industry Minister Yuriy Prodan said.

“We hear again the price of $385 (per 1,000 cubic meters) over the application of the so-called $100 discount from the price of $485 due to duty cancelation. So, in Russia’s opinion, the price of $485 is fair and is market value. We think that this price is discriminatory,” the press office quoted Prodan as saying.

Ukraine has presented Russia with several proposals, including those consolidated with the European Commission, on the market mechanisms for setting the price, Prodan said.

“Our latest proposal is to calculate the price assuming the price level existing in European gas hubs and to decrease it by the volume of the expenses for transporting gas from the Russian border to the EU countries. What price could be more market value than the burse price?” the minister said.