Russian gas price at $485 per 1,000 cubic meters unacceptable - Yatseniuk

Ukraine is ready to buy Russian natural gas at $268 per 1,000 cubic meters, Prime Minister Arseniy Yatseniuk said.

Ukraine is ready to buy Russian natural gas at $268 per 1,000 cubic meters, Prime Minister Arseniy Yatseniuk said.

"Political pressure won't work, we do not accept the price of $500 … Ukraine is ready to continue buying natural gas at the price that was in effect from the beginning of this year - at $268 (per 1,000 cubic meters). This is an acceptable and well-balanced market price. We are ready to make all payments for the previous gas supplies, and we are waiting for a reply from Gazprom (MOEX: GAZP)," the premier said while opening a government meeting in Kiev on Saturday.

At the same time, we can understand the current situation where Russia "sets the price of $500 for Ukraine, dealing a direct blow to our chemical industry and our people," he said.

"We have several options, and we shall use all measures and methods. I want to point out separately that in our legal relations with the Russian monopolist Gazprom we shall use all methods, including international-law ones, to resolve the situation," he said.

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