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Russia to Charge Ukraine More Than Germany as Gas Discounts End

Russia is raising Ukraine’s natural gas price 81 percent this month, reaching a level higher than for any European Union nation and increasing the risk of a “gas war” affecting shipments to the bloc.

The price will “automatically” jump to $485 per 1,000 cubic meters this month after the government annulled an export-duty exemption for OAO Gazprom in place since 2010, Alexey Miller, chief executive officer of the Moscow-based exporter, said today in televised comments. It was the second discount deal Russia canceled this week.