Ukraine raises gas prices to unlock IMF loan

Author (Person)
Series Title
Series Details 15.7.10
Publication Date 15/07/2010
Content Type

Article reports that Ukraine’s pro-presidential governing coalition adopted an unpopular 50% rise in natural gas prices for households on the 14 July 2010.

Intended to wean the nation off unsustainable subsidies, the austerity measure and other reforms adopted recently by the coalition of Viktor Yanukovich, President, are needed to unlock a $14.9bn (€11.7bn) standby loan from the International Monetary Fund.

Related Links
ESO: Background information: IMF offers Ukraine $15bn stability grant http://www.europeansources.info/record/imf-offers-ukraine-15bn-stability-grant/
IMF: Ukraine and the IMF http://www.imf.org/external/country/UKR/index.htm

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