Ukraine promised the IMF to raise tariffs

The Ukrainian government has officially confirmed plans to further increase tariffs for housing and communal services. The corresponding intention is enshrined in a letter of intentions to the International Monetary Fund, which is part of the updated Memorandum on Ukraine's economic and financial policy.

As stated in the document, the authorities have undertaken to implement a "additional gradual increase in tariffs" as soon as the conditions allow. Prices will be raised taking into account the new tariff methodology and certain "social considerations".

The memorandum explicitly implies that after the martial law, Ukraine will approve the road card of the gradual liberalization of gas and electricity markets. The corresponding changes should occur within six months after the hostilities are completed. According to the plan, a law on the combination of energy volumes will also be adopted, which should accelerate Ukraine's integration into the EU energy system.

The document also refers to the introduction of transparent direct support of energy state enterprises - as a temporary measure before the emergence of sufficient budget resources. In other words, the tariffs are now partially covered by budget support, but should subsequently reach the cost -effective level.

Currently, the moratorium on raising gas tariffs, heating and hot water continues to operate in Ukraine. At the same time, this moratorium does not apply to electricity, cold water and related utilities. According to the National Bank, the current tariffs for gas and heat will not be revised during 2025, but the increase is possible since 2026.

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