Home > News > World
Thursday March 27, 2014 MYT 5:30:01 PM
Thursday March 27, 2014 MYT 5:31:51 PM
KIEV (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk said on Thursday the price Ukraine paid for Russian gas supplies would rise 79 percent from April 1 to $480 per 1,000 cubic metres.
Speaking in parliament, Yatseniuk said the expected high price of gas imports from Russia from April was one of the factors pushing the country further towards economic disaster.
"Ukraine is on the edge of economic and financial bankruptcy," Yatseniuk said.
He said inflation in 2014 would be between 12 and 14 percent and unless laws were passed to support the austerity measures proposed by the IMF to stabilise the economy, GDP could fall 10 percent during the year and Ukraine could default.
(Reporting by Pavel Polityuk and Natalia Zinets; Writing by Richard Balmforth; Editing by Alessandra Prentice)
Congo protests expose weakness of Kabila's coalition
Quartet envoys urge action on humanitarian situation in Gaza
Argentina says journalists safe after one flees, fearing for life
Ukraine rebels move to encircle government troops in new advance
Mariupol attack shows Russia wants to seize more of Ukraine - U.S.
Plenty of great fun and adventure pursuits in Adelaide
Doomsday Clock: Earth is ‘3 minutes’ to catastrophe
Armstrong would race clean now but not in 1995
Taiping: Town of ‘everlasting peace’
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)