You're reading: United Press International: Ukraine drafts 2012 budget on gas prices

The Ukrainian budget for next year was drafted using a price for Russian natural gas of $400 per 1,000 cubic meters, the government said. Ukrainian officials are pressing for a revision of a 2009 gas deal with Russia, saying the current mechanism is a financial burden. Kyiv pays $400 per 1,000 meters of natural gas currently and that's reflected in a version of next year's budget, Bloomberg News reports. Read more.