Georgia’s Foreign Minister Gela Bezhuashvili told reporters today, on November 2, that Gazprom’s intention to raise gas price is based not on economical, but on political reasoning. “The Russian side should show to us the formula of pricing. We should know, wherefrom the price derives and why it is equal to the price for East-European countries,” Bezhuashvili, who is now in Moscow, told Georgian TV-reporters. Earlier today, it was announced that Gazprom intends to increase the gas price for Georgia up to $230 for 1,000 cubic meters. It is the highest price for a CIS country. No agreement on supplies has been signed yet. As Kommersant reports, Georgian Finance Minister Alexi Alexishvili promised that the government would make up for the increase to consumers by subventions. Besides, the Georgian budget has special reserves for buying gas for electric power stations. (Regnum)