The price freeze reverses a gas market liberalization process long advocated by the IMF.

The price freeze reverses a gas market liberalization process long advocated by the IMF. Coming as the IMF is conducting a remote review of Ukraine, this measure is expected to delay any agreement on a new tranche. Timothy Ash writes from London: “[I] cannot see the IMF buying this…I think Ukraine’s old corrupt elites are once again using the gas price card to scupper the IMF program.”

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The government’s plan to cut gas prices by one third is sparking a flurry of meetings between the IMF representative and government ministers. “