The new IMF memorandum does not include any plans to raise energy tariffs, according to the Ministry of Finance.

The updated IMF Memorandum following the fifth review of the Extended Fund Facility program does not include Ukraine's obligations to raise energy tariffs.

This was reported by RBK-Ukraine with a link to the press service of the Ministry of Finance.

As noted by the ministry, during the update of the IMF memorandum, the potential for increasing energy tariffs was considered as a measure to address issues in the energy sector due to the full-scale war. However, such a measure is only feasible if sufficient and targeted resources are allocated to protect vulnerable households.

"The memorandum dated October 18, 2024, reiterates potential measures that were included in previous updates, does not propose new ones, and does not create obligations for Ukraine to increase energy tariffs during the war," the Ministry of Finance stated.

What preceded this

The National Commission for Energy Regulation has started reviewing the draft resolution on increasing electricity prices. If the document is approved, tariffs for businesses will rise starting November 1, while the fixed tariff for the population will remain unchanged.

This review is necessary to ensure conditions for importing electricity from Europe to cover the winter deficit.

Learn how electricity prices will rise in Ukraine – find out more here.