Ukraine will not pay in advance for Russian gas at Gazprom’s new, higher price, the Ukrainian Energy Minister Yuriy Prodan has said.

Russia made the demand after saying Ukraine had failed to pay the bill for its April natural gas deliveries.

The bill was calculated using the new rate of $485.50 (£286.50; 350 euros) per thousand cubic metres of gas.

Prior to April, the Russian state-owned energy firm charged $268.50 for a thousand cubic metres.

“We cannot pay in advance at the price [of] about $480 per thousand cubic metres,” the Interfax-Ukraine news agency quoted Mr Prodan as saying.

Russia’s energy ministry said Ukraine had missed a deadline to pay debts worth $3.5bn and that all gas sent from June will have to be paid in advance.

via BBC

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