Support The Moscow Times!

IMF Reminds Ukraine

Ukraine will have to make significant increases in the price of gas for domestic consumers to get funds flowing again under its suspended International Monetary Fund bailout, the head of a visiting fund mission said Monday.

"When the government is ready to take action in this area, the IMF would be ready to resume discussion on the next stage of the [bailout] program," IMF mission chief Christopher Jarvis said.

The Kiev government has balked at the politically risky step of raising gas and heating prices for Ukrainian households by 30 percent to 50 percent, hoping to renegotiate cheaper natural gas from Russia to circumvent the problem and forfeiting $6 billion in tranches of IMF money.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more