Moscow: Russia increases gas price for Ukraine with a rise of $100 per 1,000 cubic meters. Russia has imposed duty on gas for Ukraine after Prime Minister Dmitry Medvedev cancelled its zero duty rating for Ukraine. Now price Ukraine pays for gas will go up another $100 per 1,000 cubic meters, said Alexey Miller, the head of Russia’s Gazprom.
The price rise comes after the Black Sea hosting deal was officially cancelled on Wednesday, when President Vladimir Putin ended Russia’s commitment to the Kharkov Agreement.
Under the 2010 Kharkov Agreement, Russia guaranteed Ukraine a $100 gas discount in return for using the Sevastopol port to host its naval fleet.
Half of the natural gas imported by Ukraine comes from Gazprom. The country owes $2.2 billion for gas that has been delivered in 2013 and 2014, according to Miller.
