Kiev reserves $1bn for gas imports

摘要

Ukraine has established a special $1bn fund to finance state-owned Naftogaz’s gas imports. Naftogaz lost 85bn hryvnia ($3.7bn) last year (WPA, 8 May, p10). This year’s state budget allows for a further loss of about HRN37bn. But Naftogaz must stop losing money by 2017 as a condition of Ukraine’s financial support from the IMF.