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Putin insists on direct gas supplies to Ukraine at reduced price

Russian president believes that direct gas supplies from Russia would be much more beneficial for residents of Ukraine and its economy
12:11, 31 October 2019

Vladimir Putin, the President of Russia
Open source

President Vladimir Putin insists on negotiations on direct supplies of Russian gas to Ukraine and Kyiv's renouncing of arbitration claims against Gazprom, RBC reports.

"We are ready for constructive work both on pumping gas through Ukraine and on gas supplies to Ukraine, moreover with a significant reduction of price unlike actual one, at which Ukrainian consumers of Russian gas receive it today," Putin said.

He stressed that the gas Ukraine receives from Europe is Russian, and in fact, it is a "false reverse". Russian president is convinced that direct gas supplies from Russia would be much more profitable for the people of Ukraine and its economy.

Related: As Putin meddles abroad, he cracks down at home

Putin called negotiations between Gazprom and Naftogaz with the participation of the European Commission, which took place on October 28, constructive. He called the accusations of Gazprom's monopolization of Ukrainian market absurd since domestic Ukrainian companies are engaged in gas transit through Ukraine.

However, the President of Russian Federation once again emphasized the need to renounce the arbitration claims against Gazprom in the arbitration framework.

"It is necessary to get rid of this absurdity, to nullify all requirements on both sides," Putin said.

As we reported earlier, Russia showed its readiness to extend the transit gas contract in case they will not be able to conclude a new contract upon the termination of the old one. Head of the Ministry of Energy in Russia Alexander Novak stated this, as RIA-Novosti reported. 

Related: No progress observed in Normandy Format summit’s preparation, - Putin’s assistant

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