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Turchynov sees forex policy of NBU as more decisive factor for domestic gas price than gas price fixed in contracts with Gazprom
23 January, 16:11 | Ukrainian News
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He gave this position at a briefing.
"The forex policy of the National Bank has stronger influence on the domestic price for consumers than the nominal [price] fixed in the contracts with Gazprom," he said.
He noted that the Cabinet of Ministers has managed to achieve the cheapest imported gas price for Ukraine, second only to Belarus, among the European countries.
He further noted that the Naftohaz Ukrainy national oil and gas company will have to pay for the imported gas in dollars.
First Vice Prime Minister Oleksandr Turchynov voiced hope in this connection that the National Bank of Ukraine will regulate its forex policy in the near future.
As Ukrainian News earlier reported, the Naftohaz Ukrainy national oil and gas company and Gazprom signed contracts on gas supplies to Ukraine and gas transit through the Ukrainian gas transportation system for 2009-2019.
According to the contracts, the natural gas transit rate in 2009 is retained at USD 1.7 per 1,000 cubic meters per 100 kilometers. The natural gas price for Ukraine will be calculated quarterly under a certain formula pegging the price to the price of gas oil and fuel oil. Russia gives Ukraine a twenty-percent discount in 2009.
Prime Minister Yulia Tymoshenko has more than once accused the leadership of the National Bank of Ukraine of violations, including in the forex operations and refinancing.
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Comments (1)So, take it as it is: The exchange rate reflects the real strength of the Ukrainian economy - and this is a weak one.
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