The Russian Minister of Energy, Alexander Novak, reported that the discount on gas given to Ukraine expired in late March, as posted on the website of the Ministry of Energy. It was noted that the amount of the discount during the first quarter of 2016 was $17.77. The final price of gas for Ukraine totaled $212 per thousand cubic meters.
“As of the 1st of April 2016, the price of gas for Ukraine will be fully in line with a valid contract between Gazprom and Naftogaz of Ukraine,” according to the statement by the Russian Minister of Energy. Earlier it was reported that Naftogaz of Ukraine reduced the amount of the transit lawsuit against Gazprom to $8.2 billion.