Ukraine eyes coal after Russian gas price hike

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Ukraine's Western-backed leaders scrambled on Friday to find new sources of energy after Russia hiked its gas price by 80 percent in response to the overthrow of Kiev's pro-Kremlin regime. The crisis-hit nation saw the amount it must pay for 1,000 cubic metres of blue fuel soar to $485.50 from $268.50 after Russia imposed two price increases in three days that reflected its deep displeasure with the ex-Soviet nation's new westward course. Energy Minister Yuriy Prodan called Russia's new price "political" and vowed to explore solutions that included a heavier reliance on coal -- a polluting source of energy whose consumption has imperilled the air quality of nations such as China. "We are now reviewing our electricity and fuel balance for 2014 with a view of using as much domestic coal as possible at the expense of natural gas," Prodan told a cabinet meeting in comments posted on the government website.

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