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Russia agrees to cut gas price for Ukraine by about one-third

Source: Reuters - Tue, 17 Dec 2013 03:13 PM
Author: Reuters
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MOSCOW, Dec 17 (Reuters) - Russia has agreed to cut the price of gas supplies to Ukraine by about one-third to $268.5 per 1,000 cubic metres, Russian President Vladimir Putin said on Tuesday.

Putin said it was a temporary move but did not elaborate. He also said after talks with Ukraine's president that Russia would convert $15 billion worth of its National Welfare Fund - a rainy day fund - into Ukrainian securities to help it stave off a financial crisis.

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