You're reading: Yanukovych says, Ukraine invites Russia to help renovate gas pipeline system

Ukraine has invited Russia to participate in renovating Ukraine's gas transportation system in return for price concessions, President Viktor Yanukovych said.

Ukraine plans to boost domestic production of natural gas by more than 2 billion cubic meters, Yanukovych said in an interview with the national television channels recorded on Friday and broadcast on Tuesday.

"Of course, there will be diversification of supplies from various different sources," he said.

"We will try to reach agreement with Russia in any case. We have that opportunity. We will propose modernization of the Ukrainian gas transportation system with the participation of Russia, the European countries. I held talks yesterday. Investors are very interested in that. I think that will also lay a good foundation for talks with Russia," he said.