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Price of Russian gas for Armenia is several times lower than global spot prices — expert

Sergey Kaufman added that prices higher than for Russia’s domestic market or for supplies to Belarus

MOSCOW, May 28. /TASS/. The price of Russian gas supplied to Armenia is several times lower than current global spot prices, while quickly abandoning Russian gas in the event of EU accession would be difficult, Finam Financial Group analyst Sergey Kaufman told TASS.

"Gas is currently being supplied to Armenia at a price of $177.5 per 1,000 cubic meters. This is, of course, higher than prices on Russia’s domestic market or for supplies to Belarus, but it is several times lower than current spot prices globally," Kaufman noted.

Earlier, Russian Foreign Ministry Spokeswoman Maria Zakharova said that Armenia’s Foreign Ministry had received notification from Russia regarding the possible denunciation of the agreement on supplies of gas, petroleum products, and diamonds should Yerevan join the European Union. Armenia’s Foreign Ministry also confirmed receipt of the letter from Russia.

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Russian envoy shares photos from Starobelsk tragedy site during meeting at German MFA

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Russian retaliatory strikes cause panic in Kiev, ex-Ukrainian PM says

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Netherlands aims to leverage chip industry for geopolitical influence, PM says

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Most Russian troops report torture upon return from Ukrainian captivity — official

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According to Aftonbladet, Ukraine will pay for the fighter jets from the EU loan

Twenty-two shelling attacks by Ukrainian troops reported in DPR in past day

One civilian was reportedly killed, two civilians and nine emergencies ministry’s employees were wounded

Russia, Kazakhstan show example of constructive interaction — Putin

The Russian leader thanked Kazakh President Kassym-Jomart Tokayev for the invitation to the republic

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According to the statement, four such systems with directional antennas can almost completely block the Ukrainian heavy hexacopters’ routes to the troops’ positions

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