Russia offers Ukraine cheaper gas under new transit deal, Kiev promises to drop $3bn demand

Gleb Garanich

The price of gas for Ukraine may be lower if Moscow and Kiev manage to reach a new transit agreement, Russian President Vladimir Putin told at a press conference after the Normandy Four summit in Paris.

Gas for Ukraine “could be cheaper by 25 percent, as compared to what the end consumer currently gets, primarily the industrial consumer, because the price of gas for the domestic consumer, for citizens [of Ukraine], is subsidized, we can’t calculate the price from the subsidized price,” Putin said.

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