As the IMF mission starts work in Kyiv, Dmytro Sologub, a deputy governor of the National Bank of Ukraine, predicts to reporters that household gas tariffs will go up by 25% this fall and by 15% next year.

As the IMF mission starts work in Kyiv, Dmytro Sologub, a deputy governor of the National Bank of Ukraine, predicts to reporters that household gas tariffs will go up by 25% this fall and by 15% next year. Raising household gas prices to international market levels is a major sticking point for the IMF. On Thursday afternoon, bank governor Smoliy, met with the visting team, which is led by Ron van Rooden, IMF mission chief for Ukraine. During the mission’s two-week stay in Kyiv, the government hopes to negotiate a program to succeed the plan that expires in March. Smoliy told reporters of what may be a $1 billion IMF loan: “We predict that the negotiations will be successful and that we will reach a consensus on getting the next tranche by the end of the year.”