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Today is Jan. 6, 2009 3:28 PM (GMT +0300) Moscow
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Russian President Dmitry Medvedev (R) meets his Ukrainian counterpart Viktor Yushchenko ahead of an economic forum in St Petersburg June 6, 2008.
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June 06, 2008
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Medvedev Informed Yushchenko about 2-Fold Surge in Gas Prices
Gas problem was one of the issues raised during St. Petersburg negotiations between Russia’s President Dmitry Medvedev and Ukrainian President Viktor Yushchenko, Russia’s Foreign Minister Sergei Lavrov told reporters June 6.
“Gas prices for Ukraine will nearly double starting from January 1, 2009,” Lavrov said, explaining that the states of Central Asia are shifting to the European prices for their gas.

“The gas from those states passes Russia’s territory and the states of Central Asia account for a significant portion of Ukraine’s gas balance. Therefore, the gas price for Ukraine will surge materially under objective reasons from January 1,” Lavrov said.

The sooner we shift to the market prices, the better will it be for recovery of the country’s economy, Yushchenko said when commenting on the imminent price growth.
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