You're reading: Market Watch: Ukraine cuts gas imports by 35 percent

In January - June 2013 Ukraine managed to reduce its gas import by more than 35 percent compared to the same period in 2012, according to the State Statistics Service. In the first six month of 2013 Ukraine has imported 10,296 billion cubic meters of gas at a price tag of $ 4.334 billion. Notably, most of the Eastern European country's gas import still comes from Russia.

In June 2013 alone Ukraine reduced its import of natural gas down to 0.917 billion cubic meters paying USD 383,803 million – almost half of all gas imported in June 2012, as reported by Ukraine’s Ministry of Energy and Coal Industry.

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