Russia scraps last gas discount to Ukraine, hikes price

Russian Prime Minister Dmitry Medvedev said Thursday he has scrapped the last discount on gas price granted by Moscow to Ukraine, effectively raising the price by $100 to $485 for 1000 cubic metres. "I am taking the decision to denounce the government decree from 30 April 2010," Medvedev said, referring to the discount on Russia granted to its neighbour in exchange for keeping its Black Sea Fleet facilities in Crimea's port of Sevastopol. "The price on gas for Ukraine is going up and will be $485 for 1000cm starting in April," Gazprom chief Alexei Miller was reported by Russian agencies as telling Medvedev in a meeting.