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IMF calls on Ukraine to set market prices for gas

Gas tariffs can not only not grow but also decrease, says Minister of Finance Alexander Danilyuk.


Devdiscourse News Desk Ukraine
Updated: 31-03-2018 18:14 IST
IMF calls on Ukraine to set market prices for gas

Prime Minister of Ukraine Vladimir Groisman said that Ukraine should completely abandon gas imports, which would reduce tariffs for blue fuel. (Image credit: Flickr)

The International Monetary Fund said that Ukraine must fulfill its promises to harmonize gas prices with market prices in the framework of the lending program, Reuters reported.

"We believe that it is important that gas prices, including tariffs for households, be determined by the market in accordance with the reforms that were implemented in 2016 and which were one of the main achievements of the reform process in Ukraine in recent years," says Yosta Ljungman, the representative of the IMF in Ukraine, .

According to Segodnya, the government's failure to make decisions to regulate the price of gas at the level of external market rates froze the lending from the Fund after the last two tranches in April 2017.

In Ukraine, the window for reforms, supported by the IMF, is gradually closing, amid the presidential and parliamentary elections in 2019, the Fund noted. The current program of the Foundation also ends in March 2019.

As Minister of Finance Alexander Danilyuk informed, as a result of the development of a new mechanism of payment, gas tariffs can not only not grow but also decrease.

Earlier, Prime Minister of Ukraine Vladimir Groisman said that Ukraine should completely abandon gas imports, which would reduce tariffs for blue fuel, as per Segodnya.

COUNTRY : Ukraine

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