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Ukraine crisis: Russia's energy giant Gazprom cancels gas discount to Ukraine

Published on Mar 4, 2014 6:41 PM
 
A file picture taken on June 28, 2013, shows Russia's gas giant Gazprom CEO, Alexei Miller, attending the world biggest gas company's annual meeting in Moscow. Russian energy giant Gazprom on Tuesday said it would end Ukraine's gas discount from April but proposed a loan of up to US$3 billion (S$3.8 billion) to Kiev to cover its debt. -- FILE PHOTO: AFP

MOSCOW (AFP) - Russian energy giant Gazprom on Tuesday said it would end Ukraine's gas discount from April but proposed a loan of up to US$3 billion (S$3.8 billion) to Kiev to cover its debt.

"Gazprom took a decision not to extend the discount from the beginning of next month," Gazprom chief Alexei Miller said, ITAR-TASS news agency reported.

He added that the company would back "offering a Ukraine a loan worth US$2 to US$3 billion to cover its debt for last year and pay for current supplies".