News

Zelensky issues decree on goals of sustainable development of Ukraine until 2030

President of Ukraine Volodymyr Zelensky has ruled to ensure compliance with 17 goals of sustainable development of Ukraine for the period until 2030. According to decree No. 722/2019, posted on the presidential website on Monday, this document is aimed at ensuring the national interests of Ukraine in the sustainable development of the economy, the civil […]

Energy Ministry intends to develop new gas production strategy

The Energy and Coal Industry Ministry, which is being transformed into the Ministry of Energy and Environmental Protection, intends to develop a new gas production strategy until 2025. Head of the oil and gas expert group of the Ministry’s Directorate of Fossil Fuel Sources Olena Chaikovska, stated this at the Ukrainian Gas Forum, an Ukrinform […]

Kyiv and Moscow should find a balanced solution to gas transit volumes – Šefčovič

Ukraine and Russia have shown understanding that they need an agreement on sustainable gas transit to the European market. Vice-President for the Energy Union Maroš Šefčovič said this in a statement in Brussels on Thursday following the trilateral talks with Russia and Ukraine on the future of gas transit to Europe. “Concerning the duration of a future […]

Ukraine intends to join EU energy market in 2025 – PM

Prime Minister Oleksiy Honcharuk has stated that Ukraine intends to integrate into the European energy market in 2025. He said this at a meeting with President of the Republic of Estonia Kersti Kaljulaid, according to the Government portal. “Our countries have shared historical experience. I believe that Ukraine eventually will be in the European family, […]

Fitch upgrades Naftogaz to ‘B’

Fitch Ratings has upgraded National Joint Stock Company Naftogaz’s (Naftogaz) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B’ from ‘B-‘. The Outlook is Positive. The upgrade follows that of Ukraine’s sovereign rating (B/Positive) on September 6, 2019, Fitch said on Friday. The rating also takes into account Naftogaz’s weak liquidity profile but overall low leverage […]

Russia may start new ‘gas war’ against Ukraine in Jan 2020 – Naftogaz CEO

Russia wants to start a new gas war with Ukraine, and everyone – from the Ukrainian president and ministries to Naftogaz – must act to foil these plans, Naftogaz CEO Andriy Kobolyev has said in an interview with the Voice of America international broadcaster. While on a visit to Washington, Kobolyev tries to enlist U.S. […]

Government allocates almost UAH 6 bln for monetization of subsidies – Groysman

The Cabinet of Ministers has allocated UAH 5.7 billion for the monetization of subsidies for 3.4 million citizens, according to Prime Minister Volodymyr Groysman. “People have government support to pay for services. It is important. According to statistics, we have monetized subsidies for 3.4 million households. We have directed UAH 5.7 billion for this. This […]