Russia Warns Armenia Against Losing Gas Preferences
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The Russian Foreign Ministry has warned Armenia that it may lose its favorable gas pricing if it revises its allied status with Russia. Mikhail Kalugin, Director of the Fourth Department of CIS Countries, stated that Armenia would have to buy gas at market prices, creating new budget holes. Russia supplies gas to Armenia at $177.5 per thousand cubic meters, while European prices exceed $600. The Russian side is not opposed to Armenia purchasing gas from other countries, but it accounts for 85% of Armenia's consumption.
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