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News / 30 November 2005 | 11:00

Gazprom delivers an ultimatum to Ukraine

Gazprom delivers an ultimatum to Ukraine

Russian energy giant Gazprom will raise the natural gas price for Ukraine if the latter rejects the company's current proposal of $160 per 1,000 cu m, a senior company official said Wednesday, RIA Novosty reported.

Alexander Medvedev, deputy chairman of Gazprom's management committee, told a news conference: "If the current [proposed] price is rejected by Ukraine, Gazprom will put forward other proposals at higher prices."

Responding to a question about a possible compromise, Medvedev said, "The $160 price is a compromise in itself."

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