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Ukrainian president believes in gas compromise with Russia

Ukrainian government is considering several ways to avoid negative consequences for the national economy and people caused by the high price of Russian gas

KIEV, February 24 (Itar-Tass) —— On Friday Ukrainian President Viktor Yanukovich said in Dnepropetrovsk he believed in the possibility of reaching a compromise at gas negotiations with Russia.

“Gas is a cornerstone of bilateral relations,” the president said. “I am confident that a compromise will be reached at the gas negotiations.”

Yanukovich described Ukraine-Russia relations “as a good partnership proven with the annual growth in trade.”

He said the Ukrainian government was considering several ways to avoid “negative consequences for the national economy and people caused by the high price of Russian gas.” He stressed the need to cut gas purchases and to find alternative energy resources.