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#36 - JRL 2008-68 - JRL Home
Russia To Switch To Market-based Energy Prices With All Partners In 2-3 Years - Lavrov

MOSCOW. April 2 (Interfax) - Russia plans to switch to market-based prices on energy with all its partners within the next two or three years, Russian Foreign Minister Sergei Lavrov said.

Russia "has agreed upon approaches with all of them, which should drive us to fully market-based principles of pricing within the next two or three years," Lavrov said at the State Duma on Wednesday.

The transition to market-based prices will be gradual, he said.

"We have long made it clear that our ultimate goal is the construction of a market-based economy within the country and a transition to market principles in relation to all of our current partners," he said.