Ukraine's government mulling privatization of energy sector - Yatseniuk

16:52, 03.03.2014 1 min read

The government of Ukraine has the idea of privatization of the energy sector in the country, Ukrainian Prime Minister Arseniy Yatseniuk has said.

"I'll tell you about the idea of privatization of the energy sector at transparent auctions: Chornomornaftogaz and other companies, which are part of Naftogaz Ukrainy," he said at a meeting with the business community in Kyiv on Monday.

The premier stressed that Naftogaz Ukrainy is "a burden for the budget and a non-transparent monster." According to him, privatization will help stop corruption in the energy sector.