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Russian Gas Prices To Grow

Russian natural gas prices will continue to grow

Russian Gas Prices To Grow

Russian natural gas prices will continue to grow, the Russian ambassador to Ukraine, Viktor Chernomyrdin, told Ukrainian television on Thursday, MosNews.com reported.

Chernomyrdin said that with energy prices on the rise in Russia, Ukraine should be ready for hikes. In certain cases, those prices are even higher at home than in Ukraine.

Under agreements between Russia and Ukraine on gas supplies, the price of gas can be revised annually. Russia insists on cash payments for its gas transit through the territory of Ukraine and on raising the price of Russian gas to European levels. Ukraine stands firm on observing the current procedures of gas payments.

?I believe the price will increase anyway. At what pace, all at once, gradually or the way it should be ? is a separate issue. By the way, it should be ? I mean in line with the standards that already exist in the world,? Chernomyrdin said in televised comments for TV5 Kanal in Kiev.

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