European Commission urges Ukraine to reform energy market

Source : 112 Ukraine

It may allow assignment of €600 million tranche for these purposes
22:30, 2 June 2016

The European Commission expects Ukraine to reform the energy market, to adopt laws on the electricity market and the national regulator of this sector, as well as to continue the gas market reforms in the near future. CEO of the DTEK energy company Maksym Nymchenko announced this after a meeting with the Vice-President of the European Commission Maroš Šefčovič this week in Brussels, reports "Interfax-Ukraine".

"The development and implementation of a new model of the electricity market is one of the key priorities of the European Commission. It is also closely following the fate of the bill on the regulator", Tymchenko says.

He noted that the energy market reform is necessary to receive the two tranches of the EU-provided macro-financial assistance of €600 million.

Related: Deputy Justice Minister: Ukrainian MPs showed they are building true European country

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