Medvedev approves gas discount for Ukraine

Russian Prime Minister Dimitry Medvedev signed a decree detailing the discounted price of natural gas shipments from Russia to Ukraine. The tariff rates will remain the same until March 31, 2016. The documentation was posted on the official legal information web portal on Friday, January 1st.

The decree provides a formula that makes it possible to calculate the rate of fees on imports of low-carbon, “blue fuel” gas to Ukraine.

Most economists agree that, based on the contract price of gas at a rate of $230 per thousand cubic meters, Kiev will receive a discount of about $17.77. This means that from January to March 2016 Ukraine is favored to purchase Russian gas at a discounted price of $212.23 dollars per thousand cubic meters.

  Ukraine, Russia, Natural Gas, Gas Shipments