KIEV: Ukraine does not acknowledge the US$ 3.5-billion debt for Russian gas deliveries earlier announced by Russian energy giant Gazprom, acting Ukrainian Energy Minister Yuriy Prodan said on Thursday.

"We cannot accept the figure mentioned by Gazprom because Gazprom includes in this total some calculations that are based on an economically unsound price offered to Ukraine, about US$ 500 per 1,000 cubic meters," Prodan told reporters in Kiev.

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