Ukraine has money to fully pay for gas shipped earlier - Yatsenyuk

Ukraine will pay for Russian gas already delivered to the country at a rate of $268 per 1,000 cubic meters regardless of Gazprom's position on the matter, Ukrainian Prime Minister Arseniy Yatsenyuk said.

Ukraine will pay for Russian gas already delivered to the country at a rate of $268 per 1,000 cubic meters regardless of Gazprom's position on the matter, Ukrainian Prime Minister Arseniy Yatsenyuk said.

"Ukraine's position is that we can pay for the overall amount of gas at a price of $268 per 1,000 cubic meters. Gazprom may see it in its own way, but our position is that the gas already shipped to Ukraine will be paid for at $268," Yatsenyuk said at a government meeting on Thursday.

Ukraine has $3.1 billion on its accounts earmarked for this very purpose as financial aid from the International Monetary Fund (IMF) and the European Union, he said.

"Therefore, the Ukrainian side accounts for the volume of natural gas at a price of $268, and Ukraine has all the necessary funds for this purpose to completely cover the bills for natural gas shipped previously," he said.

The interim price for Russian gas could be lowered to $378 per 1,000 cubic meters in the 4th quarter of 2014 and to $365 per 1,000 cubic meters in the 1st quarter of 2015 from the previously agreed-upon $385 per 1,000 cubic meters because of the decreasing oil price on the world market, he said.

"We have arrived at an understanding that the price will be determined based on a formula set in the contract itself. The price for oil, which has dropped significantly, affects this formula. This means that the price will be $378 [per 1,000 cubic meters] in the last quarter of this year and $365 [per 1,000 cubic meters] in the first quarter of next year," Yatsenyuk said at a government meeting in Kyiv on Thursday.

Read more: Russia, Ukraine could reach gas agreement on Thursday

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