004-SPINTAX-Ukrainian-government-to-boost-natural-gas-pricesPosted by Torres Perez on January 18th, 2021 Ukrainian government to increase natural gas prices 29.1% from April 1 Ukraine's National Committee for Power Policy (NCPR), the government's power market controling body, stated on Monday it has actually moved to boost typical gas costs for commercial consumers by 29.1% beginning April 1. The committee raised gas costs to Hryvnia 4,020 ($ 365.50)/ 1,000 cubic meter for commercial customers, up from Hryvnia 3,113, the committee stated. The committee also raised costs for gas supplied to governmental agencies and also organizations by 64.2% to Hryvnia 4,020/ 1,000 cu m from 2,448/ 1,000 cu m. The move follows the government's decision last week to boost the rates to prevent financial crisis at the nationwide power business Naftogaz Ukrayiny. Treking paint additives is likewise one of the major needs from the International Monetary Fund for unlocking as much as billion in car loans to Ukraine, and will certainly better unlock extra financing from the European Union as well as the Globe Financial institution. The government will hike domestic natural gas rates for households by 50% starting May 1 as well as will keep hiking residential gas prices with 2018. RUSSIA SHOWDOWN The advancement comes as Ukraine is getting ready for a showdown with Russia over gas costs in April after Gazprom, the Russian gas monopoly, has warned it would increase the rates dramatically. Ukraine anticipates Russia to nearly double its gas prices beginning April 1 to about 0/1,000 cu m, up from 8.50/ 1,000 cu m in the very first quarter. Moscow formally relocated to cancel previous price cuts that had made the gas prices lower in the initial quarter. Russia terminated its 33% discount on gas cost that was approved in December 2013 by Russian President Vladimir Putin. Russia additionally terminated 0/1,000 cu m discount that was provided in April 2010 for prolonging the remain of the Russian navy in the Crimean port of Sevastopol by 25 years via 2042. Russia denounced the April 2010 arrangement complying with a de-facto addition of Crimea peninsula as well as the port of Sevastopol earlier this month. The US, the European Union as well as Ukraine claimed the annexation was illegal as well as illegitimate, and also must not be acknowledged internationally. The addition was condemned by 100-11 enact the United Nations General Setting Up in New york city recently.Like it? Share it! More by this author |