Gazprom switches Ukraine to pre-payment for gas

Russia turned off the gas taps to Ukraine this morning after its deadline for an unpaid gas bill passed. Russian state energy firm Gazprom extended the original deadline by a week after Ukraine seemed to be playing ball with its bigger neighbour. The firm said it switched Ukrainian energy firm Naftogaz to a pre-payment system […]

Ukraine agrees to end energy subsidies for IMF aid

Ukraine has agreed to end subsidised energy prices for homeowners in exchange for aid from the International Monetary Fund (IMF). The IMF has been in talks with Ukraine‚Äôs government for nearly a month on rescuing its economy. The energy sector reforms will take place alongside other banking measures to get an international loan of $27 […]