Ukraine to completely stop using Russian gas within 10 yearsStaff writer ▼ | November 24, 2015
Ukraine plans to completely stop using Russian gas within 10 years, Ukrainian Prime Minister Arseniy Yatseniuk said.
Energy and politics Ukrainian Prime Minister Arseniy Yatseniuk:
Yatseniuk said that Ukraine has almost shed itself of its 100% dependence on gas supplies from Russia and two years ago the country started reverse gas supplies from the European Union (EU). Russia's share of gas supplies to Ukraine fell to some 30%.
Additionally, the Ukrainian government has started revising the existing contract base with Russia.
"We've filed two claims to the Arbitration Institute of the Stockholm Chamber of Commerce against the Russian gas monopolist. We want to receive $16 billion from Russia as we believe that Russia set the unfair price of gas for Ukraine, and Russia does not pay enough for gas transit via Ukraine's territory," he said.
He also said that Ukraine raised the issue of preventing the construction of the Nord Stream 2 gas pipeline to the EU. This pipeline would deprive Ukraine of transit opportunities and $2 billion a year.
Ukrainian Prime Minister Arseniy Yatseniuk added Ukraine will mirror the actions by the Russian Federation if it imposes an embargo on the import of Ukrainian products on January 1, 2016.
"The Russian threats to impose an embargo on Ukrainian goods from January 1 will be followed with a similar, mirrored response from the Ukrainian authorities. Any Russian decision to impose an embargo against Ukraine will be followed by a similar Ukrainian decision imposing an embargo against Russia," Yatseniuk said at an emergency session of the Ukrainian government in Kyiv. ■