Energy Price Hike Leaves Whole Sectors of Ukrainian Economy on Brink of Collapse

‘IMF-mandated hikes in electricity prices for businesses have made whole sectors of the Ukrainian economy uncompetitive, making it more profitable to shut factories down than to keep them operating, says Ukraine’s oldest and largest business association.
Speaking in Kiev on Thursday at the Ukrainian League of Industrialists and Entrepreneurs’ annual conference, president Anatoly Kinakh pointed out with dismay that authorities in Kiev did not bother to carry out the necessary economic calculations when they decided to raise tariffs.’
Read more: Energy Price Hike Leaves Whole Sectors of Ukrainian Economy on Brink of Collapse