Russia finishes gas talks with Belarus

Talks between Belarus and Russia’s gas giant Gazprom on reducing gas prices for the ex-Soviet state are coming to a close, Russian Prime Minister Vladimir Putin said on Wednesday, RIA Novosti reports.

Putin said this summer that Russia would introduce "an integrative decrease adjustment into the gas pricing formula" for Belarus from 2012, but added that it should be accompanied by Gazprom's acquisition of the Belarusian government's 50% stake in Beltransgaz.

“Several minutes ago, Gazprom officials told me that the talks on Beltransgaz are near to completion. We are approaching new agreements with Belarus in our energy partnership,” Putin said, adding that the gas price for Belarus will change from 2012.

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