You're reading: Russia suggests setting gas price at $385 for Ukraine prior to Stockholm court decision

Moscow - Russia is suggesting that a price of $385.5 per thousand cubic meters of gas be set for Ukraine before Stockholm arbitration court makes its decision, Energy Minister Alexander Novak said following talks with European Union Energy Commissioner Gunther Oettinger.

Novak said Russia had suggested this before. This concerns the possibility of giving a discount of $100 per thousand cubic meters in the current contract using the customs duty.

Oettinger added that the parties must determine an interim price for Ukraine while the court is making its decision. This is to guarantee stable gas supplies for European consumers.