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You're reading: Russia gives Ukraine cheap gas, $15 billion in loans
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Russian President Vladimir Putin said that the
new price for Ukraine will be around $268.5 per 1,000 cubic meters
of natural gas, about $150 cheaper than the current price. This could save Ukraine $3.5 billion per year at current consumption rates of 26-27 billion cubic meters per year.

Other amendments to the contract
include extended terms of payment and the currency in which
settlements are made, according to Interfax-Ukraine. There are no
other details available about the documents.

Putin, however, said that the new deal is a
temporary solution. “The long-term agreements must and will be
achieved. This concerns both the supplies of gas to Ukraine, and
uninterrupted transit of Russian gas to the European consumers,” he
said, according to Interfax news agency.

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