Ukraine says no gas price change, despite IMF demands

Ukraine Prime Minister Volodymyr Groysman

Ukraine will only approve a new formula to set gas prices next year and does not see any reason to raise tariffs this heating season, Prime Minister Volodymyr Groysman said on Friday.

Raising gas prices is a key condition for Ukraine to receive more aid from the International Monetary Fund, which supports Kiev with a $17.5 billion staggered bailout program that is conditional on reforms and tackling corruption.

"In this heating season, we do not see any reasons for prices to be raised," Groysman told an end-of-year news conference. "Later, we will come up with a new formula for prices, which could be confirmed in the new heating season."

(Source: Reuters)

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