Ukraine Holds Out For Bigger Gas Price Cut From Russia

wochit politics
June 11, 2014 AT 5:07 AM
Ukraine said on Wednesday it had rejected a Russian proposal that would reduce the price it pays Moscow for natural gas by more than 20 percent and ruled out paying its gas debts until a pricing deal is reached. Remarks by the prime minister and energy minister made clear Kiev was not changing its stance at talks with Moscow, despite the threat of Russia cutting supplies to Ukraine if no deal is reached - a scenario that could disrupt deliveries to Europe.