The total volume of issue in one year will be limited and depend on the top level of the state internal debt, as provided by the state budget for the corresponding year. Ihor Mytiukov also said that the volume of bonds may even be lower, depending on the amount of budget revenues, receipts from privatization and the results of cooperation with foreign creditors. The National Electricity Regulatory Commission, NERC, has approved new tariffs for the pumping and supplies of gas to clients in Ukraine which come into force on Feb.1. NERC set the average tariff for the pumping of gas via Naftohaz Ukrayiny arterial pipelines at UAH 29.1 for 1,000 cu.m., by local distributing pipelines at UAH 23.4. The new tariff for gas supply will be at UAH 10 for 1,000 cu.m.
Clients receiving gas from arterial pipelines are to pay the average tariff for arterial pipelines.
The sell-off of the second batch of oblenerhos has also been rescheduled from March 1 to April 24. The first vice premier Yury Yekhanurov told journalists on Feb.2 that the government has taken this decision following the requests from investors who said they were not ready for the tender and some of the issues with the Ukrainian side have not been resolved. Under the resolution, the government will write off fines and sanctions imposed on oblenerhos for delays with payments to Enerhorynok, as of Jan.1, 2001. Potential investors demanded from the government to write off sanctions and fines in the face of the opposition from the State Reserve. According to Yekhanurov, all the problems have been cleared with the State Reserve.