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)
Apple chief Tim Cook 'proud to be gay'
Libya's armed factions may have committed war crimes - Amnesty
Spain state adviser backs move to block Catalonia independence vote
Sweden recognises Palestinian state, hopes will revive peace process
Merkel not acutely worried about Russian violations of airspace
Protesters march on Burkina presidency after burning parliament
Liverpool boss Rodgers backs forgotten man Borini
Clashes erupt as Israeli police kill Palestinian suspected of shooting Jewish far-rightist
Microsoft launches wearable fitness device for US$199
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)