You're reading: Ukrainian energy ministry: Kyiv agrees to buy electricity from Russia at Russia’s domestic prices

The Ukrainian government is ready to urgently sign an agreement with Russia over Russia's electricity supplies at Russia's internal market prices. 

“On Saturday Russian mass media reported, citing Russian Deputy Prime
Minister Dmitry Kozak, that Russia is ready to supply electricity to Ukraine
from the Russian energy market under favorable conditions, i.e. at the internal
Russian prices and without any prepayment,” the Ukrainian Ministry of Energy and
Coal Industry said in a statement posted on its official Facebook page on Dec. 28.

“According to open sources, the price of electricity on Russia’s energy
market today is around 2,100 rubles (exclusive of VAT) per 1 megawatt, which is
around Hr 688 per megawatt at the official exchange rate. This is significantly
less than the wholesale prices on the Ukrainian energy market which in December
2014 stands at Hr 941 per megawatt,” the ministry said.

According to this statement, and an offer received earlier from Inter RAO to
sign a direct agreement with Ukrinterenergo, “the Ukrainian Energy Ministry
directly proposes to the Russian Federation Minister of Energy, A. Novak, to
urgently sign a sale and purchase agreement under the aforesaid conditions,” the
Ukrainian energy ministry said.