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Russia hikes Ukraine's gas price more than expected

11:36 AM MDT | April 7, 2014 | Ian Young

Gazprom (Moscow) has hiked the second-quarter price it charges for supplies of natural gas to industrial consumers in Ukraine by more than $200.00 per 1,000 cubic meters, to $485.50 per 1,000 cu meters. The first-quarter price of $268.50 per 1,000 cu meters included a discount that Russia agreed on with Ukraine in December 2013. Gazprom removed the discount following Russia’s dispute with Ukraine that culminated in Russia’s recent annexation of Ukraine’s Crimea region. Gazprom also says that Ukraine has an outstanding $2.2-billion gas bill and...

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