Wednesday 14 July 2010

Yulia Tymoshenko to go to court if natural gas prices for Ukrainian citizens raised

BYT leader Yulia Tymoshenko said that if natural gas prices for Ukrainian citizens are raised, her team will challenge the decision by the Cabinet of Ministers in the courts.

"If they [the government], God forbid, increase natural gas prices from August 1, we will go to the courts and fight for gas prices not to be raised for the people," she said at a briefing in Kyiv Wednesday.

Tymoshenko said that there were no grounds to raise gas prices by 50%, because Naftogaz "is now in a good state."

She also said that the International Monetary Fund had not required a rise in gas prices for the public. Tymoshenko noted that during her premiership, the International Monetary Fund had demanded an increase in gas prices for the public, but she said she had not taken such a step, because pensions and salaries in Ukraine do not meet international standards.

"I am confident that the 50% increase in natural gas prices for the public is not an IMF requirement. It's always possible to reach agreement with the IMF in order to cover the budget deficit in Ukraine. This has been caused only by one reason – the need to return $5.4 billion to RosUkrEnergo," Tymoshenko said.

As reported, the National Electricity Regulatory Commission earlier published resolution No. 812 as of July 13, 2010 on its website under which natural gas prices for the public will grow by 50% effective August 1, 2010.


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