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Ukrainian President Viktor Yanukovych is...

or "unbeneficial", but said talks on the issue were possible. The prime minister indicated, however, that Russia was not going to reduce gas prices at no expense for Kiev.

"If the question of reviewing prices is raised, then the question "what for?" arises. We asked our colleagues what they are ready to offer in response," he said.

In return for cheaper gas, Ukraine wants to offer Russia a stake in its gas transportation system, which currently accounts for about 80% of Russian natural gas exports to Europe.

Putin said after talks with Azarov Russia is positive about the idea of creating a consortium with Ukraine to modernize its gas transportation system and that it is ready to invest funds into the project. However, he said Russia and Ukraine would not directly link a reduction in prices with Russia"s stake in the gas consortium.

Last year, Russia reduced its gas price for Ukraine by 20%, but in 2010 the market price, which fluctuates depending

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