Ukraine Bans Pipelines Sale

KIEV — Ukraine's parliament barred any sale of Naftogaz Ukrainy after officials said Russia sought a stake in the state-run energy company's natural gas pipelines in exchange for cheaper supplies of the fuel.

A bill to boost the efficiency of Naftogaz's pipeline system while maintaining state ownership was backed by 242 lawmakers in the 450-seat legislature, parliament said Friday on its website. Any reorganization of Naftogaz's pipelines or storage facilities will now require Cabinet approval.

The legislation was submitted by Yury Karmazin from the Our Ukraine block.

(Bloomberg)

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