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Russia to supply gas to Armenia at a price of 189 USD per thousand cubic metres

December 02, 2013, 21:22 UTC+3 YEREVAN

Putin drew a comparison to European prices for Russian gas

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YEREVAN, December 02, 21:09 /ITAR-TASS/. Russian President Vladimir Putin said during his state visit to Armenia on Monday that the price of Russian gas delivered to Armenia would be 189 dollars per thousand cubic metres.

He said that the price formula fixed in the Russian-Armenian agreements signed earlier on Monday would make it possible to sell natural gas to Armenia at 189 dollars per thousand cubic metres.

Putin drew a comparison to European prices for Russian gas.

“In Europe, the gas price amounts to almost 500 USD,” the Russian leader said.

Besides, Armenia, which is a member of the Collective Security Treaty Organisation (CSTO), will receive Russian weapons at internal Russian prices.

“It is not only a matter of security. It is also an economic issue linked to budget expenses,” Putin explained.

The agreements reached during Putin’s visit to Armenia unilaterally lift a 30-percent Russian export duty on oil and petroleum products delivered to Armenia.

The Russian president said that although the Russian budget would be short of some considerable sums because of the aforesaid decisions, it would create favorable conditions for Armenia to develop its economy and join the Customs Union quickly and smoothly.

The Russian president was surprised by the pace of Armenia’s movement towards Eurasian unification.

“The Armenian side has been extremely energetic and has demonstrated a high level of professionalism. Honestly, that puts us in a difficult situation; we cannot keep up even with our Armenian partners,” Putin said with a smile. He added that Russia would do everything to step up Armenia’s accession to the Customs Union.

“I am afraid of setting any concrete deadlines now,” Putin emphasised.

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