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.

(Reuters)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.