Ukraine is ready to turn to the international arbitration in case of unsuccessful negotiations with Russia over gas price, Prime Minister Mykola Azarov has posted a comment on Facebook, answering a question from a user: "how long Ukraine could wait for a compromise from Russia."

"Ukraine is ready to consider our dispute at the international arbitration, but we expect that if the strategic partners fail to achieve mutual understanding, then such opportunity remains the only option for us," Azarov emphasized, UKRINFORM reports.

"But before that we want to agree, if we really are strategic partners," he added.

Azarov also promised to "minimize the negative impact on inflation" from new price for gas.

"The gas price of USD 416 has already been in 2011, and inflation depends primarily on whether the decisions to raise the rates associated with such high gas prices are made," the prime minister underscored.

"Surely, the impact of high gas prices and the associated industrial costs and price increases exist. For us, this is a problem both in 2011, and in 2012, but we do everything we can to minimize the negative impact on inflation. We have coped with it so far. Hopefully, we will also do next year," he said.

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