Lugansk Republic hands over body of observer killed in land mine blast to OSCEWorld April 24, 9:39
How Arctic residents adapt to global warmingScience & Space April 24, 9:32
Reconstruction of two Arctic airports to cost some $4.9 millionBusiness & Economy April 24, 8:54
Emmanuel Macron and Marine Le Pen to face each other in runoffWorld April 24, 8:13
Danish defense minister accuses Russians of hacking into his staff’s emailsWorld April 24, 7:50
PROFILE: Emmanuel Macron poised to become France’s youngest presidentWorld April 24, 6:44
North Korea ready to carry out nuclear test at any time — expertsWorld April 24, 5:56
Swedish think tank puts Russia in world’s top three biggest defense spendersMilitary & Defense April 24, 4:35
Ukraine reconciliation meeting in Minsk postponed over OSCE car blastWorld April 24, 3:21
KIEV, June 20 (Itar-Tass) - Ukraine cannot raise gas prices for the population, as the International Monetary Fund (IMF) demands, Ukrainian President Viktor Yanukovich said on Thursday.
“The IMF’s demands are unacceptable for us. We cannot agree to raise gas prices for the population. Because it might be fraught with negative social consequences for people,” the presidential press service quotes Yanukovich as saying.
Earlier, the International Monetary Fund demanded that Ukraine reduce its state budget deficit and raise domestic gas prices. Currently, the average gas price is 0.93 hryvnas (0.12 U.S. dollar) for one cubic meter, which is among Europe’s lowest. It is expected that gas pricing will be discussed at a meeting with representatives from the International Monetary Fund in Kiev on June 28.
An IMF mission visited Ukraine from March 27 to April 1. In the summer of 2010, the International Monetary Fund launched a program of financial assistance to Kiev worth 15.5 billion U.S. dollars. Ukraine received two tranches to a total amount of three U.S. dollars. The program has been suspended since Ukraine failed to satisfy the IMF’s demands.