Ukraine to hike domestic gas prices by 50 percent to meet IMF demands


  • World
  • Thursday, 27 Mar 2014

KIEV (Reuters) - Ukraine's new leaders, in a step the ousted government had balked at, said on Wednesday it would raise the price of gas for domestic consumers by more than 50 per cent from May 1 and would raise prices further under a fixed timetable to 2018.

The move is certain to dent the popularity of Prime Minister Arseny Yatseniuk's interim government, but met the demands of the International Monetary Fund.

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