Ukraine’s updated memorandum with the IMF contains voluntary commitments by Kiev to take certain steps to obtain loans. This was reported by Bloomberg agency.
“Potential reforms, as soon as conditions permit, include additional gradual tariff increases (taking into account the new tariff methodology and social considerations during the war), securing external financing, and providing transparent and exceptionally direct budget support to energy state-owned enterprises,” the document says.
Once the conflict is over, gas and electricity tariffs will need to be gradually increased to recover costs. And adequate earmarked resources will be allocated to protect vulnerable households, the memorandum said.
“From 1 June 2024, we have increased electricity tariffs for households 64%, bringing tariffs closer to cost recovery levels and adjusting incentives for electricity use in the heating season,” Bloomberg quotes the Ukrainian government as saying.
In addition, it became known from the memorandum with the IMF that Ukraine does not plan to import gas for the next heating season.
“Underground gas storage facilities – up to 3 kilometres deep remain safe, although above-ground facilities may become the object of attacks”, – is emphasised in the document.
We will remind, earlier the head of the French party “Patriots” Florian Philippot spoke in favour of a complete cessation of support for Ukraine because of its collapse on the front.