Economy

President supports splitting monopolists, firstly in energy sector

President supports splitting monopolists, firstly in energy sector

Ukrainian President Petro Poroshenko has said he supports demonopolization in key state activities.

"We should make a political decision to restrict the largest share of 50% on concrete markets and 30% in the most important sectors. These new rules should split monopolists. We can give them the following choice: to obey tough regulation or sell their shares," Poroshenko said while addressing the parliament in his annual speech on Thursday.

He added that 80% of heating generation is held in one pair of hands, and that relevant committee members say without batting an eyelid that there is no monopoly.

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