The Cabinet of
Ministers of Ukraine, at its meeting on Wednesday, July 19, endorsed the
financial plan of the National Joint Stock Company Naftogaz of Ukraine for
2017, which sets out conditions for preserving of financial soundness of the
energy holding and won’t trigger soaring of gas price for consumers.
the decision, First Vice Prime Minister of Ukraine Stepan Kubiv stressed that all the
objectives had been determined, while the adoption of the financial plan would
allow to effectively manage the processes in the company. At the same time, at
the suggestion of the Government, the Naftogaz of Ukraine in synergy with the
Ministry of Economic Development and Trade, the Ministry of Finance and the
Ministry of Energy and Coal shall adjust the revenue part of the plan "to comply
with current prices". Head of Government Volodymyr Groysman urged to adopt
the aforesaid decision. The decision got unanimous approval. Apart from that, the
Government approved a list of expected performance variables for the
Supervisory Board of Naftogaz of Ukraine.