Turkey, Russia agree on 10 pct discount on natural gas

President Recep Tayyip Erdoğan on Saturday said Ankara and Moscow reached an agreement to reduce the price of the natural gas imported from Russia by 10.25 percent after long negotiations, Daily Sabah reports.

Speaking at a rally of the ruling Justice And Development (AK) Party in eastern Erzurum province, Erdoğan said Turkey demanded a discount on the price of the natural gas from Russia via the Blue Stream and the Western Line in 2015.

The President said Turkey will also get a refund of $1 billion for the purchases made in the last two years when Gazprom initially agreed on the discount in early 2016.