U.S. ready to help Ukraine prepare for possible blocking of gas transit in 2020
The United States is ready to help Ukraine prepare for the possible blocking of gas transit by the Russian side in 2020, Economic Counselor of the U.S. Embassy JP Schutte has said.
"Ukraine must be prepared in case Russia cuts off gas transit through Ukraine in 2020, as it has threatened to do. The United States stands ready to help Ukraine prepare for this. Ukrainian companies need to take the necessary steps now to buy and store the gas needed for winter. We also support carefully prepared electricity market reforms, an independent and competent energy regulator, and eventual integration of the electricity grid with Europe," he said.
"There have been some important reforms in the energy sector over the past few years. Thanks to corporate governance reforms and the partial introduction of market forces, Naftogaz is now a major contributor to the state budget. But further reforms are still needed to ensure true competition, increase transparency, reduce oligarchic power, and improve efficiency in the energy sector. We and other donors will continue to support the Ukrainian government as it tackles these reforms," the official stated.
Advertising
Advertising
MORE ABOUT
USA to allocate over $190 mln to support Ukraine's energy sector over five years
20:22, 08.05.2024
Hungary's position on peace, regional security important to us – Zelenskyy following talks with Orbán
18:40, 08.05.2024
Umerov briefs Pentagon chief about current situation at frontline
20:00, 07.05.2024
U.S. Ambassador: Military, economic aid, reform support, accountability are main goals of $61 bln allocated for Ukraine
14:20, 04.05.2024
Klitschko: there cannot be strong, democratic and safe Europe without Ukraine as equal partner
12:07, 04.05.2024
LATEST
Shmyhal orders to approve restoration schedules for energy facilities, reinforce their defense before next heating season
18:56, 08.05.2024
Ukrenergo will limit industrial consumers, businesses from 18:00 to 23:00, emergency shutdowns for public possible
17:42, 08.05.2024
Naftogaz Group receives UAH 23.1 bln net profit in 2023 against UAH 79.1 bln loss in 2022
12:52, 07.05.2024
After opening of sea exports, Metinvest increases workload of factories, directs efforts to retain teams – HR Director
20:17, 06.05.2024
Kamet Steel plant carrying out major overhaul of cable rack at coke chemical division for uninterrupted power supply