Timothy Ash writes from London: “

Tuesday, August 7, 2018
Timothy Ash writes from London: “

Timothy Ash writes from London: “The government failed to make a decision on the gas price problem, just kicked the can to Sept 1, arguing for no gas price hikes before then. The Ministry of Finance cash balance is now running perilously low, while Ukraine is going into a less supportive foreign exchange environment due to seasonals. With elections coming up, typically FX purchases increase. It should not be like this – we should not be questioning whether the MOF has enough cash to pay pensions.” Last week, the funds balance in the State Treasury fellow below UAH 2 billion, the lowest level since January 2014.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Three Ukrainians have been arrested in Europe on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies

Three Ukrainians have been arrested in Europe on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies

Next post
A Norwegian company and an Austrian company plan to build a total of $500 million worth of wind power plants on Kherson region’s southern coast

A Norwegian company and an Austrian company plan to build a total of $500 million worth of wind power plants on Kherson region’s southern coast

Previous Main Topics