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Ukraine: No unilateral termination of gas contract

      RBC, 21.04.2011, KKiev 16:51:27.Ukraine will abide by the terms of its natural gas supply contract with Russia concluded in January 2009 until the contract is officially revised, Ukrainian Prime Minister Nikolay Azarov told reporters today. Ukraine cannot terminate this contract unilaterally, he explained.

      The country's government is in the process of negotiating a lower gas price with Russia. Azarov added that Ukraine pays around $8bn for Russian gas annually. An affordable price for Ukraine would be $200 per 1,000 cubic meters. Ukraine is paying $275 for gas imported in the second quarter, including a $100 discount.

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