News

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 […]

Parliament votes down amendments to electricity market bill

The Verkhovna Rada has rejected the bill on amendments to the law on the electricity market. Only 150 MPs supported the document, with at least 226 votes required to make the decision, an Ukrinform correspondent reported, The bill envisages amendments to the Final and Transitional Provisions of the Law “On the Electricity Market”. In particular, it […]

Ukrtransnafta says it is ready to resume oil transit to EU

JSC Ukrtransnafta has declared it is ready to resume oil transit to the European Union, the press service of the company has reported. “Today, on May 6, 2019, a message has been sent via the dispatching service of Ukrtransnafta about its readiness to resume oil transit through the Druzhba pipeline,” the company said in a […]

Ukraine suspends transit of Russian oil to Europe

JSC Ukrtransnafta was forced to suspend transit of oil by the Mozyr-Brody trunk oil pipeline at 21:43 on April 25, 2019. “The company, in particular, made the decision guided by a contract on the provision of oil transportation services through the territory of Ukraine. According to the terms of this contract, Ukrtransnafta has the right […]

Belarus suspends export of light oil products to Ukraine

Belarus has suspended the export of light petroleum products to Ukraine, Poland and the Baltic countries due to the supply of poor-quality oil from Russia. Deputy Director General of the Belarusian Oil Company Sergei Grib said this at the seminar-conference “Export of Belneftekhim products to the EU”, BelTA reported. “We have suspended the export of light oil […]

Ukrainian start-up SolarGaps gets EUR 1 mln from European Commission

SolarGaps has become the first start-up in Ukraine to receive a EUR 1 million grant in equity free funding under the Horizon 2020 SME Instrument Phase 2, according to InVenture. “SolarGaps became the first Ukrainian start-up which received SME Instrument Horizon 2020 Phase 2 grant since the interview stage in Brussels was introduced. The start-up […]

Ukraine’s thorny way towards liberal electricity market

While Ukraine is about to recover from its New Year and Orthodox Christmas celebration, there is one more thing worth celebrating. On 1.1.2019, Ukraine took one big leap towards liberalizing its retail electricity market along European standards.  As of this date, consumers are free to choose their electricity supplier. Well, almost all consumers. Household and […]