Russian PM signs $100 discount on russian gas supplies to Ukraine
Russian Prime Minister Dmitry Medvedev has signed a decree according to which a $100 discount will apply on export tariffs if the price for 1,000 cubic meters of gas supplies to Ukraine is $333.3 and more, RIA Novosti reported.
"The signed decree prescribes, on a temporary basis until March 31, 2015, a special procedure for calculating the rates of export tariffs depending on the level of the contract price for the natural gas delivered from the territory of the Russian Federation to the territory of Ukraine," the decree said.
According to the document, a discount of $100 will apply if the price for 1,000 cubic meters of gas stands at $333.3 and more. Should the price be less than $333.3, the discount will form only 30 percent of the price.
"The current decree shall apply to the legal relations arising from November 1, 2014," the decree added.
On Thursday, Russia, Ukraine and the European Commission signed a long-awaited deal securing gas supplies to Ukraine for the winter period. According to the agreement, Russia is to resume gas supplies to Ukraine following a three-month break in supplies that was caused by Kiev's massive gas debt exceeding $5 billion. In turn, Ukraine must pay Russia $3.1 billion from its debt by the end of 2014.