June 8, 2018 / 3:55 PM / a year ago

INTERVIEW-Ukraine's sacked finance minister says no will in cabinet for gas price hike

KIEV, June 8 (Reuters) - Oleksandr Danylyuk, who was sacked as Ukraine’s finance minister this week after a spat with the prime minister, said on Friday the cabinet does not have the will to raise gas prices even to secure more sorely-needed foreign aid.

He told Reuters that Volodymyr Groysman’s government would have to try to reach a compromise with the International Monetary Fund, because Ukraine faced “very serious consequences” if the IMF declined to disburse more aid.

“No,” said Danylyuk, when asked whether the cabinet had the will to raise gas prices before elections next year.

“But I did my best actually to try to bring together these two opposite positions,” he said, between Ukraine’s refusal to raise gas tariffs and the IMF’s insistence on a rise as a condition of more funding.

“So compromise needs to be found and that is where the government should work now. It will not be easy but there is no alternative,” the former finance minister said. (Reporting by Matthias Williams Editing by Catherine Evans)

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