international magazine
02 / 2015

All the friends to spite

The general rhetoric justifying such draconian move is all in favor of the soonest filling of the state coffers. Presenting the draft law in Verkhovna Rada (Ukraine's parliament) Finance Minister Natalia Yaresko explained, that taxes will actually increase profitability of Ukraine's natural gas producing enterprises, as funds are going to be used for the further development of the upstream sector in Ukraine. She added that the move would bring an extra 9bn Hryvnia ($310mn at current rate)to the state budget, which is going to help to support low budget house-holds.