With European natural gas prices rising to the highest level in two years, Ukraine will cut and cap gas prices from Feb. 1

With European natural gas prices rising to the highest level in two years, Ukraine will cut and cap gas prices from Feb. 1 until the end of the heating season, usually early April. With prices expected to be cut by about 30%, President Zelenskiy said on his website: “Market prices are too high today, especially given the pandemic.”

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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. “