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Kiev intends to privatize all coalmining enterprises in Ukraine by late 2016

November 22, 2014, 0:44 UTC+3 KIEV

All mines that will not go private in 2015-2016 will have to be liquidated or conserved

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© ITAR-TASS/Maxim Shipenkov

KIEV, November 21 /TASS/. The Kiev authorities are planning to privatize all coal mining enterprises in Ukraine in 2015-2016, the text of a coalition agreement signed by the leaders of parties who have joined parliamentary coalition at Ukraine’s Verkhovnaya rada (parliament) says. 

The document which Ukraine’s Samopomoshch party published on its website says that all mines that will not go private in 2015-2016 will have to be liquidated or conserved.

The Ugol Ukrainy state enterprise will also go into liquidation. It was set up by Ukraine’s Ministry of Fuel and Coal Industry for concluding coal delivery agreements. Ukrainian politicians are also planning a transition to direct contracts for selling coal.

In 2020, Ukrainian politicians are planning to make coal production self-sustaining, reduce state support for the industry to the minimum and stop financing modernization and technical retooling of the already existing mines and give up the construction of new ones.

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