YEREVAN. – Russian president Vladimir Putin said gas will cost $189 for 1,000 cubic meters for Armenia.

“The formula for gas price envisaged by the agreements gives us an opportunity to sell natural gas at $189 per thousand cubic meters. In Europe it is sold at almost 500,” Putin said.

Agreements reached during the visit to Armenia imply unilateral lifting of export duty of 30% for oil and petroleum products, Putin said, adding that it would create favorable conditions for Armenia, “for a smooth, but fast enough accession to the Customs Union.”

The Russian president noted that the Armenian side is acting very aggressively and shows a very high level of professionalism. 

“Russia will do everything to complete Armenia’s joining the Customs Union as soon as possible. Now I am afraid to name a specific time frame.”