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Decision day for Ukraine and Russia over gas prices

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Decision day for Ukraine and Russia over gas prices

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Officials from the Russian state energy utility Gazprom are meeting with Ukrainian ministers in Moscow today. They are trying to reach an agreement over gas prices. “We are ending talks for today,” said Ivan Platchkov, the Ukrainian Energy Minister on Wednesday evening. “Representatives of Ukraine will meet those of Gazprom again on Thursday morning and we will talk until 3pm, by when, hopefully, a compromise will have been reached.” The Ukrainian goverment has turned up the heat recently, by vowing to up the rent paid by the Russian navy to use a port on the Black Sea.

Gazprom, which supplies a third of Ukraine’s gas, says the country pays far less than the market price for its gas. But some observers believe the Kremlin is using the pricing issue to put political pressure on its neighbour. Today’s meeting is due to conclude early this afternoon.