Ukraine Revamps Gas Prices for IMF Loan as Nuland Warns on Graft
- Government agrees to unify household, industrial tariffs
- U.S. calls for court reforms, crackdown on corrupt officials
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Ukraine’s new government overhauled household heating prices to help restart a $17.5 billion loan from the International Monetary Fund as the U.S., another major donor, told the ex-Soviet republic it must start prosecuting corrupt officials.
A cabinet meeting Wednesday in Kiev approved a new natural gas tariff to strengthen the budget, as sought by the IMF. While the U.S. said it was encouraged by reform efforts to date, Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland warned that graft must be tackled and the continued flow of financial aid will depend on progress.