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)
Thousands of Yemeni troops pledge backing for exiled leader
Upset for Spain's ruling party seen in stronghold Valencia - poll
UN investigation finds corruption in Afghan police oversight division
Sudan's Bashir heads to Indonesia in rare long-distance trip
IS shows purported executions in Libya of Ethiopia Christians
Spain's latest political upstart rides high on message of moderation
‘Fifty Shades Of Grey’ brings sexy back to Vancouver
Web Wanders: Spotlight on the good
British artist Tracey Emin on her past and art
Copyright © 1995-2015 Star Publications (M) Bhd (Co No 10894-D)