22 December 2011
Ukraine’s Cabinet of Ministers, at an emergency meeting late Wednesday, approved of the 2012 state budget draft. The budget is based on an average imported gas price from Russia of USD 416/tcm, which is based on existing gas contracts, as ordered by Prime Minister Mykola Azarov last week. The budget will now be passed to parliament, which expects to vote on the bill on Friday – its last working day before the holidays.