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On 4 March 2009, Yulia Tymoshenko made a one-day working visit to Paris. She held meetings with President Nicolas Sarkozy, Prime Minister François Fillon and Minister of Economics, Industry and Employment Christine Lagarde.
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Yulia Tymoshenko meeting with Angela Merkel and Joseph R. Biden at the 45th International Security Conference in Munich.
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Brussels Gas Talks Made Progress
02 July 2009
Published in
Inform
issue #117
See the full issue here.
EU, Ukrainian and Russian officials met on Monday in Brussels along with representatives from leading banks to try to find a way to assist Ukraine to pay for gas to be put into storage. Last January’s gas deal committed Ukraine to purchase vast amounts of gas from Gazprom to put into store for onward sale to Europe in the winter months.
Although Naftohaz Ukrainy has given assurances that it will pay its bill for gas imports in June (see article “Gas Bill for June Will be Paid”), the extra purchase of nearly 20 billion cubic metres of gas for storage would require financing to the tune of $4.2 billion. However, European experts now say that only another 8-10 billion cubic metres of gas is needed, which would bring down the cost to $2 billion.
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See the full issue here.
EU, Ukrainian and Russian officials met on Monday in Brussels along with representatives from leading banks to try to find a way to assist Ukraine to pay for gas to be put into storage. Last January’s gas deal committed Ukraine to purchase vast amounts of gas from Gazprom to put into store for onward sale to Europe in the winter months.
Although Naftohaz Ukrainy has given assurances that it will pay its bill for gas imports in June (see article “Gas Bill for June Will be Paid”), the extra purchase of nearly 20 billion cubic metres of gas for storage would require financing to the tune of $4.2 billion. However, European experts now say that only another 8-10 billion cubic metres of gas is needed, which would bring down the cost to $2 billion.
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Yuliya Tymoshenko met with IMF Mission Chief in Ukraine Ceyla Pazarbasioglu
30 June 2009
Published in NRCU
Y. Tymoshenko and C. Pazarbasioglu discussed the results obtained by an International Monetary Fund technical mission, which visited Ukraine last week.
These results will serve as a basis for decisions that will be taken in the coming days. The first stage of work by the IMF technical mission in Ukraine started on June 23. Talks on a second review of the IMF programme with Ukraine under the stand-by arrangement were expected to start on June 30 when Ms Pazarbasioglu will join the fund's mission in Kyiv.
Y. Tymoshenko and C. Pazarbasioglu discussed the results obtained by an International Monetary Fund technical mission, which visited Ukraine last week.
These results will serve as a basis for decisions that will be taken in the coming days. The first stage of work by the IMF technical mission in Ukraine started on June 23. Talks on a second review of the IMF programme with Ukraine under the stand-by arrangement were expected to start on June 30 when Ms Pazarbasioglu will join the fund's mission in Kyiv.
Ukraine can get USD 3.8 b as third tranche from IMF in July
26 June 2009
Published in NRCU
It had been agreed during the visit of an IMF mission to Ukraine on June 23 that Ukraine will review its program with the fund, and that in July, it may receive the third tranche of an IMF loan, Prime Minister Yulia Tymoshenko has said during her visit to Lviv.
Tymoshenko emphasized that Ukraine will have a chance to increase the amount of funds transferred to the budget that will make this budget more stable and stabilize its expenses. In November 2008, the IMF approved a two-year loan of USD 16.4 billion to Ukraine and allocated USD 4.5 billion as the first tranche of this loan. On May 12, 2009, Ukraine received USD 2.8 billion as the second tranche of the fund's loan. Part of the second tranche worth USD 1.5 billion was sent to Ukraine's state budget to finance the government's foreign debts. It was initially planned that the third tranche would total USD 3.2 billion, and the fourth one USD 3.8 billion. Acting Finance Minister Ihor Umansky said earlier that Ukraine was planning to ask the International Monetary Fund to increase the amount of the third tranche to $3.8 billion to finance the country's budget deficit.
It had been agreed during the visit of an IMF mission to Ukraine on June 23 that Ukraine will review its program with the fund, and that in July, it may receive the third tranche of an IMF loan, Prime Minister Yulia Tymoshenko has said during her visit to Lviv.
Tymoshenko emphasized that Ukraine will have a chance to increase the amount of funds transferred to the budget that will make this budget more stable and stabilize its expenses. In November 2008, the IMF approved a two-year loan of USD 16.4 billion to Ukraine and allocated USD 4.5 billion as the first tranche of this loan. On May 12, 2009, Ukraine received USD 2.8 billion as the second tranche of the fund's loan. Part of the second tranche worth USD 1.5 billion was sent to Ukraine's state budget to finance the government's foreign debts. It was initially planned that the third tranche would total USD 3.2 billion, and the fourth one USD 3.8 billion. Acting Finance Minister Ihor Umansky said earlier that Ukraine was planning to ask the International Monetary Fund to increase the amount of the third tranche to $3.8 billion to finance the country's budget deficit.
EU Warns of Potential Gas Crisis
23 June 2009
Published in
Inform
issue #116
See the full issue here.
The European Commission President José Manuel Barroso has warned EU states to brace themselves for another gas supply crisis if Ukraine is unable to finance the purchase of sufficient natural gas from Russia’s state-run gas firm, Gazprom, to replenish its underground stores.
Mr Barroso’s warning followed Prime Minister Yulia Tymoshenko’s meeting last week in Kyiv with Frank-Walter Steinmeier, the Minister of Foreign Affairs for Germany and his Polish counterpart Radoslaw Sikorski. Top of their agenda was how the EU may be able to assist Ukraine to maintain necessary levels of gas in its underground storage facilities in Western Ukraine. This is vital as Ukraine is looking to raise around $4 billion to purchase gas for storage, so as to avoid any supply disruption to EU countries in the winter months.
The day before the meeting with the foreign ministers, Alexander Ananenkov, Deputy Chief Executive of Gazprom, told reporters, "Ukraine isn’t pumping gas into its gas storage facilities in due amounts.”
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See the full issue here.
The European Commission President José Manuel Barroso has warned EU states to brace themselves for another gas supply crisis if Ukraine is unable to finance the purchase of sufficient natural gas from Russia’s state-run gas firm, Gazprom, to replenish its underground stores.
Mr Barroso’s warning followed Prime Minister Yulia Tymoshenko’s meeting last week in Kyiv with Frank-Walter Steinmeier, the Minister of Foreign Affairs for Germany and his Polish counterpart Radoslaw Sikorski. Top of their agenda was how the EU may be able to assist Ukraine to maintain necessary levels of gas in its underground storage facilities in Western Ukraine. This is vital as Ukraine is looking to raise around $4 billion to purchase gas for storage, so as to avoid any supply disruption to EU countries in the winter months.
The day before the meeting with the foreign ministers, Alexander Ananenkov, Deputy Chief Executive of Gazprom, told reporters, "Ukraine isn’t pumping gas into its gas storage facilities in due amounts.”
Read More...