Accessibility links

Breaking News

Russia, Moldova Reach Natural Gas Price Deal

Russia and Moldova have reached a short term agreement on a new price for natural gas two weeks after Moscow cut supplies to the former Soviet state.

Moldova will pay $110 per 1,000 cubic meters of natural gas over the next four months. Talks on a fixed price will continue.

Moldova had been paying $80 for gas. Russia's state-owned natural gas company, Gazprom, wanted to double the price to bring Moldova in line with the world market. Gazprom cut supplies to Moldova January 1.

Russia also cut supplies to Ukraine the same day. That dispute was settled three days later.

Some information for this report was provided by AFP, AP and Reuters.