President of Ukraine Viktor Yanukovych declares that the negotiations on gas price with Russia continue.

"In this connection I want to underline that the talks on this urgent issue continue and we expect to find economically grounded and fair formula to set the gas price for our country," Yanukovych said at the joint press conference with Russian President Vladimir Putin.

As a reminder, according to the contract with Gazprom, Naftogaz paid about 416 dollars per thousand cubic meters for the first quarter of 2012, $425 - for the second quarter, $426 - for the third. For the fourth quarter of the year, it is expected to pay $432 per thousand cubic meters.


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