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Ukraine’s February 1 re-imposition of price controls on gas “

EBRD

Ukraine's economy will shrink by a fifth this year.

Ukraine’s February 1 re-imposition of price controls on gas “can be called a big step backwards,” warns Janez Kopač, a Slovenian politician who directs the Energy Community Secretariat, the organization which brings together the EU and its neighbors, to create an integrated energy market. “If this measure continues only to the end of March, everything will be fine,” he said Tuesday at a remote conference organized by Kyiv’s Energy Club. “But if it lasts longer, it will put the gas market in jeopardy.” Adopted in response to this winter’s spike in gas prices, the 30% cut in prices is to last only until March 31.

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