Saturday, April 17, 2010

Russia May Discount Ukraine Gas Sales

Russia, Ukraine Gas Sales

Russia is thinking about offering a discount in their gas sales to Ukraine in return for being allowed to participate in the energy sector of the country.

"One of the question we are indeed discussing is a price discount. The Ukranian side proposes an exchange. We have many interests particularly in the energy sector - in particular hydrogeneration, nuclear industry and many others," Prime Minister Igor Sechin said.

Russia has been scrambling to open up new avenues for business, as the economic crisis hit them hard, but also concerns over the stability of the country as it relates to consistency in doing business there, has weighed on companies for some time.

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