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Ukraine threatens to take Russia to court over gas

Published on Apr 5, 2014 6:24 PM
 

KIEV (AFP) - Ukraine on Saturday said it rejected Russia's latest gas price hike and threatened to take its neighbour to arbitration court over a dispute that could imperil deliveries to Western Europe.

Prime Minister Asreniy Yatsenyuk said Russia's two rate increases in three days were a form of "economic aggression" aimed at punishing Ukraine's new leaders for overthrowing a Moscow-backed regime last month.

Russia's natural gas giant Gazprom this week raised the price of Ukrainian gas by 81 per cent - to US$485.50 (S$611) from US$268.50 for 1,000 cubic metres - and now requires the ex-Soviet state to pay the highest rate of any of its European clients.

"Political pressure is unacceptable. And we do not accept the price of US$500 (per 1,000 cubic metres of gas)," Yatsenyuk told a government meeting.

 
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