MOSCOW, April 4 - Russia is holding negotiations with Ukraine on electricity supplies for Crimea at a price of $85-$90 per MW, Russian Energy Minister Alexander Novak said in an interview with TV channel Rossiya 24.

"Negotiations are being held only on market prices. This is about $85-$90 per MW," Novak said.

He said the legal mechanisms are now being worked out. Russian state power company Inter RAO UES is involved in this process.