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Ukraine Ready To Pay $386 Per Cubic Meter Of Russian Gas

Ukrainian Central Bank Governor Stepan Kubiv

Ukrainian Central Bank Governor Stepan Kubiv

Stepan Kubiv, the Governor of Ukraine's National Bank, says Kyiv is prepared to pay Russia about $386 per 1,000 cubic meters of gas, below the amount Moscow had demanded.

But Kubiv said that Ukraine will pay all its gas debts.

Moscow this month raised the price it charges Kyiv for gas by 80 percent, to $485 per 1,000 cubic meters, and said it awaits $2.2 billion in unpaid bills.

Speaking on April 13 in Washington on the sidelines of the IMF-World Bank meetings in the U.S. capital, Kubiv also said Russia's further incursions into eastern Ukraine would have serious macroeconomic consequences.

Ukraine is set to receive a two-year, $14 billion to $18 billion IMF loan package by early May in exchange for implementing tough economic reforms such as raising energy prices and floating its currency.
Based on reporting by Reuters and Itar-Tass