KYIV, May 22 - The decision of Naftogaz Ukrayiny to raise natural gas prices for industrial consumers to UAH 9,953 for 1,000 cubic meters (including VAT) is associated with the growth of its prices in the European market.

"Over the past month, wholesale gas prices in the European market have increased by 8-12%. We are also forced to raise prices for our commercial consumers," Naftogaz said on Facebook.