Serhiy Tigipko News
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Ukraine’s talks with Russia over cheaper natural-gas imports failed to make a breakthrough as it seeks to avoid the increases in household fuel costs needed to revive a $15.6 billion bailout.
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Ukraine will ensure gas flows to Europe continue uninterrupted as it seeks to revise supply contracts with Russia, avoiding a repeat of cutoffs that have twice left European consumers without heat.
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Ukraine is considering capital controls to prevent short-term investments from fueling volatility in the country’s currency, the hryvnia, Deputy Premier Serhiy Tigipko said in an interview.
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Ukraine seeks to secure a $20 billion loan from the International Monetary Fund as early as next month to help finance its budget deficit and cut the cost of future borrowing abroad, Deputy Prime Minister Serhiy Tigipko said in an interview in Washington.
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Ukraine failed to convince the International Monetary Fund to accept alternatives to higher household energy tariffs, a condition for restarting a $15.6 billion loan program, Deputy Prime Minister Serhiy Tigipko said.
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Ukraine will issue at least $2 billion in so-called value-added tax bonds in one installment next month to meet a requirement for an International Monetary Fund loan, said Deputy Prime Minister Serhiy Tigipko .
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Ukraine may abandon this month’s planned Eurobond sale if investors demand too high a yield after a $14.9 billion bailout loan alleviated the country’s financing needs.
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Ukrainian farmers may harvest a record 55 million metric tons of grain this year, doubling exports and boosting budget revenue, Deputy Prime Minister Serhiy Tigipko said.
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Ukraine’s Deputy Prime Minister Serhiy Tigipko said he is “sure” the country will get a new program with the International Monetary Fund , though talks have faltered after the government raised minimum pensions and wages.
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The International Monetary Fund may rule on its next tranche to Ukraine in April and the nation must adopt a pension law, Deputy Prime Minister Serhiy Tigipko said.
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