Ukraine to hike domestic gas prices by 50 percent to meet IMF demands

S

Sports News

Guest
Ukraine's new leaders, in a step the ousted government had balked at, said on Wednesday it would raise the price of gas for domestic consumers by more than 50 per cent from May 1 and would raise prices further under a fixed timetable to 2018. The move is certain to dent the popularity of Prime Minister Arseny Yatseniuk's interim government, but met the demands of the International Monetary Fund. IMF officials appeared to be putting the finishing touches on Wednesday to a new aid programme for the ex-Soviet republic, which has experienced months of violent political turmoil. Domestic consumers in Ukraine have long received supplies of gas for home central heating at subsidised prices in a hang-over from the Soviet era.

Continue reading...
 
Back
Top