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Russian gas transit via Ukraine to cost less than $1.6/1,000cu m

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MOSCOW, January 16 (RIA Novosti) - Transiting Russian natural gas via 100km of Ukrainian territory in the coming four years will cost less than $1.60 per 1,000 cu m, Russian energy giant Gazprom Deputy Board Chairman Alexander Medvedev said Monday.

Medvedev said Ukraine had earlier received $1-billion advance to pay for the transit, making the actual transit rate less than $1.60.

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