You're reading: Newspaper: Moscow, Kyiv agree on new gas price

Ukraine and Russia finished gas talks, having agreed on a new price for natural gas and other conditions facilitating the resolution of the dispute over the reduction of its price, a source from the Ukrainian presidential administration told the Economic News newspaper.

"Roughly, in late November to early December [when the new contracts are due to be signed]. Currently, the process of agreeing upon technical details pertaining to the new agreements continues at the level of the governments and the companies – Naftogaz Ukrainy and Gazprom.

When everything is ready, a date will be set for the meeting between the Ukrainian and Russian presidents who will countersign the documents," the source was quoted as saying by the newspaper.

Among the new conditions for gas cooperation are the gas price in the region of $220-$230 per 1,000 cubic meters, payment for gas supplies and a possibility of lending in rubles.

Besides this, the new agreements allow information to be provided to Russian investors in case of their participation in the privatization of Ukrainian companies, the source told the newspaper.