![IMF Managing Director Kristalina Georgieva spoke by telephone yesterday with President Zelenkiy and warned him: “It is in the interest of Ukraine to preserve the independence of [the central bank] and it is also a requirement under the current IMF-supported program](https://ubn.news/wp-content/uploads/2019/08/screen-shot-2019-08-05-at-8.43.06-pm-9-199x139.png)
Wednesday, September 25
The Rada is scheduled to vote the Green Energy bill this week on the second reading. Failure could carry a high price tag
Tuesday, July 14, 2020
The Rada is scheduled to vote the Green Energy bill this week on the second reading. Failure could carry a high price tag, one North American investor warns the UBN. If the government fails to pay $625 million owed for energy from solar and wind producers, 70% of foreign projects in renewables face default this fall, and the government will face a mountain of offshore arbitration claims. With the Erdogan family investing $90 million in solar power plants in southern Ukraine, forget out the Turkey-Ukraine free trade pact. With $65 million invested by a Canadian company in Ukrainian solar plants, forget about visa-free entry to Canada. Foreign investors represent most OECD countries. If they feel burned, they will be ‘super spreaders’ of negative views on Ukraine’s investment climate.
