Putin says Ukrainian gas price demands a "dead end"

NOVO-OGARYOVO, Russia, June 11 Wed Jun 11, 2014 8:12am EDT

NOVO-OGARYOVO, Russia, June 11 (Reuters) - President Vladimir Putin said on Wednesday that Ukraine is driving gas talks toward a "dead-end" by asking for further discounts, suggesting Russia's proposal to cut the current price of $485 per 1,000 cubic metres by $100 may be its final offer.

Putin also told Prime Minister Dmitry Medvedev to formalise a decision to scrap the export duty for Ukraine-bound gas, which would reduce the price Kiev pays to about $385 per 1,000 cubic metres. (Reporting by Alexei Anishcuk; writing by Vladimir Soldatkin; editing by Steve Gutterman)