Tass:

The Russia’s gas price for Ukraine can be lowered from its current level of $329 per 1,000 cubic meters in Q2 because of the oil market situation, Russian Energy Minister Alexander Novak said on Friday.

He added that the price under long-term gas contracts with Ukraine effective by 2019 is calculated by the formula linked to the oil basket and hence to the oil price.

"There is no direct association but the trend is obvious. Therefore we can expect a further decline of the price in the second quarter, down from its first quarter level of $320 per 1,000 cubic meters," the minister said.

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