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Russia and Ukraine will discuss a possible...

any figures or outlines of proposals to be raised at the future gas talks, but media reports earlier said that Kiev would like gas prices to be nearly halved to $170 per 1,000 cu m.

In return for cheaper gas, Ukraine wants to offer Russia a stake in its gas transportation system, which currently accounts for about 80% of Russian natural gas exports to Europe.

Last year, Russia reduced its gas price for Ukraine by 20%, but in 2010 the market price, which fluctuates depending on oil prices, was introduced. In the first quarter of this year, Ukraine will pay $305 per 1,000 cubic meters of Russian gas. The price will grow to $320 in the second quarter due to rising oil prices.

Putin also said Russia is positive about the idea of creating a consortium with Ukraine to modernize the Ukrainian gas transportation system and that it is ready to invest funds into the project.

At the press conference, the two premiers said however that Russia and Ukraine would

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