IMF demands Ukraine to raise gas prices in May 2019

17:48, 9 January 2019

Another gas price increase is expected in Ukraine. This time, the prices are to go up by 15 percent in May. This is the necessary condition of the IMF in terms of the next loan for Ukraine within the stand-by program.

The next condition of the Fund is to make the current gas prices equal to the market prices until January 2020. If these conditions are fulfilled, Ukraine will get two loans this year, 1.3 billion dollars each, in May and November. In December, Ukraine already got the first IMF loan under the stand-by program.