Gazprom hikes Ukraine gas export price by over a third

MOSCOW: Russian energy giant Gazprom on Tuesday announced it was hiking the price of gas exports to Ukraine by more than a third, after a a Western-leaning government took over the country after the fall of the previous pro-Kremlin regime.

Ukraine will now pay a price of $385.5 dollars per 1,000 cubic metres of gas, Gazprom chief executive Alexei Miller said in a statement, raising the price from $268.5 per 1,000 cubic metres previously.