Cabinet promises new gas price lower than current one

Ukraine expects a significant reduction in price for the Russian as a result of talks with Russia, expected to end this November, First Deputy Prime Minister Andriy Kliuyev said during the Hour of questions to the government, ForUm correspondent reports.

"We are holding the talks and preparing new gas contract. I cannot tell you the exact gas price now, but I assure you that it will be much lower than the current one," he said.

According to Kliuyev, given the $100 discount granted to Ukraine in 2010, the current price of Russian gas on the border with Ukraine is $414 per 1,000 cubic meters.