Cabinet of Ministers proposes to raise compensation for Naftogaz's losses to USD 1.6 bln
8 July 2008
In its draft amendments to the 2008 state budget submitted to parliament yesterday, the Cabinet of Ministers made a provision to increase compensation for Naftogaz of Ukraine’s losses by 85% to USD 1.6 bln. This would be directed at covering the sale of gas below the purchase price to households and state-financed organizations in 2006, and to municipal heating enterprises over 2006-2008. In other news, RosUkrEnergo said yesterday that Naftogaz’s debt to it exceeds USD 2 bln.
