| Author (Person) | Himmelreich, Jörg |
|---|---|
| Publisher | German Marshall Fund of the United States |
| Series Title | Policy Brief |
| Series Details | January 2010 |
| Publication Date | January 2010 |
| Content Type | Journal | Series | Blog |
|
Reforming Ukraine's energy sector was vital for the future of Ukraine's economy and security. Ukraine narrowly averted national bankruptcy following the global financial crisis. But Ukraine's economic recovery depended on reforming the energy sector, which had suffered severe politicization since the 1990s leading to non-transparent business operations and mega-corruption. European concerns about secure gas supplies from Russia, via Ukraine, had become the overarching policy matter on the EU-Ukraine agenda. To strengthen Ukraine's energy sector, the new Ukrainian president should start abandoning domestic subsidies for oil and gas prices and let the price reach global market levels. The energy sector also had to improve its business transparency significantly in order to encourage foreign capital investment. |
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| Source Link | Link to Main Source http://www.gmfus.org/publications/energy-security-ukraine-and-europe |
| Subject Categories | Economic and Financial Affairs, Politics and International Relations, Security and Defence, Trade |
| Countries / Regions | Europe, Russia, Ukraine |
