Deputy managing Director, International monetary Fund David Lipton believes that gas prices in Ukraine are very low compared to neighbouring countries.

“It is important that gas prices were determined by market shifts and the need to avoid conventional and hidden subsidies,” said Lipton in an interview with EP.

He noted that poor households are protected from rising utility rates subsidies.

“For the rest of the citizens there was a significant increase in wages, which far exceeds the growth in gas prices, provided that normative acts”, – said the Deputy head of the IMF.

“Gas prices in Ukraine is very low compared to neighbors. And finally, if Ukraine dreams about energy independence, it needs to invest in infrastructure, which is possible only under the condition that gas prices will reflect developments in the market,” he concluded.

David Lipton, September 12-14, visited Kyiv with the visit. He discussed with the country’s current economic situation and the progress in implementing the reform program supported by the IMF.

According to NBU, to the end of this year Ukraine will receive $2 billion from the IMF.

Gas prices in Ukraine is very low – the Deputy head of the IMF 15.09.2017

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