Russia is ready to cut the price for its gas to Moldova, Moldovan President Igor Dodon said on Tuesday, adding he had discussed that matter with Russian President Vladimir Putin during recent talks in Moscow.

„Russia is ready to revise the gas price for Moldova bearing in mind the fact that our country has been granted an observer status with the Eurasian Economic Union (EAEU). We discussed a possible 25-30% reduction of the price, a considerable sum for our consumers,” Dodon told the NTV Moldova television channel.

He said he had discussed possible price reduction with CEO of Russia’s gas giant Gazprom, Alexei Miller, according to TASS.

The Moldovan president noted however the gas price matter would depend on the relations between the two countries after the upcoming parliamentary elections in Moldova in February 2019. „Much will depend on the results of the voting and on our foreign policy after that,” Dodon added.

Moldova is buying gas from Russia’s Gazprom under a contract which was signed in 2008 and has been annually extended ever since. Under the contract, the gas price for Moldova depends on oil prices on global markets.