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SITUATION REPORT

Nov 9, 2012 | 09:59 GMT

Ukraine: Join Customs Union, Gas Prices Will Fall, Russian Official Says

The price Ukraine pays for Russian gas will fall if Kiev joins the Russia-led Customs Union, a Russian official said Nov. 9 in Moscow, Interfax reported. The drop in prices would be automatic because export duties have been cancelled within the union, the official said. Negotiations over natural gas rates have intensified between Ukraine and Russia in recent months.

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