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Russia may consider issue of discount on gas for Ukraine later this year — minister

November 16, 2015, 17:27 UTC+3 ANTALYA
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© EPA/ROMAN PILIPEY

ANTALYA, November 16. /TASS/. The question of granting discounts on Russian gas for Ukraine will be reviewed closer to the end of 2015, Russia’s Energy Minister Alexander Novak told journalists Monday.

"I will say this about the issue [discounts for gas - TASS] - it will be reviewed closer to the end of the Q4. Closer to the end of the year the price will be clearer, which on average will develop in the Q4, and the price that will develop according to the formula in accordance with the contract," Novak said.

He noted that according to the "winter package", the price of gas for Ukraine is calculated according to a formula based on the corresponding contract, and the Russian side is considering the possibility of discount if natural gas price is higher than the comparable market prices, and currently it is hard to say whether it exceeds the price.

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