Ukraine should continue reform of energy sector to become completely energy-independent

Source : 112 Ukraine

'We believe in Ukraine and we will continue to invest in its development'
13:57, 10 October 2017

All reforms held by Ukraine are important but the most important of them for the future of the country is the reform of the energy sector. Deputy Director of USAID Mission in Ukraine, Belarus and Moldova John A. Pennell claimed this to the internet portal Energoreforma.

'One of the main points that should be remembered is that Ukraine was dependent from the import of the energy resources. At the moment the situation improved. But Ukraine should continue the reform of the energy sector to become completely energy-independent', Pennell explained.

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According to him, Ukraine came far on the reform's way of this key sector of economy a lot during the past three years but it should not stop.

He thinks that it concerns the reforms that are connected with the formation of the independent regulation with the implementation of the electric power market.

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'It is necessary to implement all regulatory acts that are needed for the implementation of these laws. The further work in the sector of electric power and gas are needed', Pennell noted.

According to him, Ukrainian government should 'make all steps on the reforming of the energy sector in the accordance with the EU and the American government', to make all changes to correspond to the standards and requirements of the EU.

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'It will be necessary for Ukraine for better integration in the EU', he said.

USAID representative agreed that there is a danger of stop of the reforms and even the restoration of the old rules and regulations in the energy sector. However, he noted that the reforms should be implemented along with the measures against corruption to become irreversible.

Related: Ukraine, European Commission to continue developing Energy Efficiency Fund

'We believe in Ukraine and we will continue to invest in its development', John A. Pennell claimed earlier at the Ukrainian Finance Forum in Odesa on September 21.

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