Russia seeks over $11b in ‘debt’ from Ukraine: Gazprom.

[okaawhatever]

2. Their discount still had Ukraine paying more for gas than the EU. Here's a chart of what Ukraine

and EU pay Gazprom for gas. It is translated form Russian to English, but it's easy enough to understand. Also, one has to keep in mind that the Ukraine gas price deducts the cost of using the Ukraine pipelines. Based on what i've read that is roughly $80-100 per 1000 cubic meters of gas.

Here are the years since the naval lease deal was signed: I used dollar signs instead of Ukraine/Currency for simplicity and the numbers are the average for the year, as price fluctuates quarter to quarter.

Year Ukraine EU

2010 $260. $301.8
2011 $309 $383
2012 $426 $385.1
2013 $413 $382.5 **
2014 First Quarter: $268
2014 Snd Quarter: $485

The recently announced price is 40% over what the EU is currently paying. Last year, even with the so-called discount Ukraine purchased 3 bcm of gas from Poland. Poland bought it on the open market and then reversed the pipelines into Ukraine to sell it back to them. That was cheaper than paying the "discounted" price from Gazprom. Add to that the Ukraine gov't subsidies which pay 75% of the cost of gas for residents and certain businesses. It's the corrupt politicians working out a deal that hurts Ukrainians and then the subsidies which go 46% to businesses that bloat the federal budget. Is it any wonder the Ukraine economy is in the trouble it's in?

Link to table: http://www.vedomosti.ru/special/gaspriceschange.shtml