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Ukraine seeks to avoid massive hike in natural gas prices despite IMF pressure
Journal Staff Report

KYIV, July 5 Ukraine is looking for ways to avoid massive hike in natural gas prices and has recently proposed a new, moderate option, a government official said Thursday.

The massive hike is demanded by the International Monetary Fund as a key condition for resuming $17 billion loan, but the measure is sensitive and highly unpopular.

Prime Minister Volodymyr Groysman suggested the new option as a compromise on gas prices, which envisages a package of steps, including monetization of subsidies, liberalization of the gas market and a discount from the single price of gas for ordinary consumers, the source said.




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Currencies (in hryvnias)
  12.11.2018 prev
USD 27.89 27.93
RUR 0.417 0.422
EUR 31.65 31.90

Stock Market
  09.11.2018 prev
PFTS 595.8 594.2
source: PFTS

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