MOSCOW (Sputnik) – The Russian government has approved the import customs duty rate on the gas supplied from Russia to Ukraine in the first quarter of 2016, which would amount to $17.8 in discount for the contract price of $230 per 1,000 cubic meters, the decree issued Friday said.
The decree was signed into law by Russian Prime Minister Dmitry Medvedev on December 30, 2015.
Taking into account the discount, Kiev will buy Russian gas in the January-March period for $212.2 per 1,000 cubic meters.
The price for the gas is determined by the formula specified in the contract between Russian energy giant Gazprom and Ukraine’s Naftogaz.
On December 28, 2015, Russian Energy Minister Alexander Novak said the contract price for Russian gas deliveries to Ukraine in the first quarter of 2016 might be set at around $230 per 1,000 cubic meters.
Ukraine halted all natural gas purchases from Gazprom in July 2015 after Kiev and Moscow failed to reach a deal on gas deliveries for the third quarter of the year.