KIEV, June 18 - Ukraine and the European Union jointly work on a solution to purchase $4.2 billion worth of natural gas to fill Ukrainian underground gas tanks to secure steady gas transit to Europe, Naftogaz Ukrayiny reported Thursday.

A Naftogaz Ukrayiny team in Brussels met European Commission officials earlier Thursday to discuss two possible ways of solving the problem, Naftogaz said in a statement.

KIEV, June 18 - Naftogaz Ukrayiny faces 27.3 billion hryvnia, or $3.5 billion, in losses this year unless its renegotiates a natural gas agreement with Russian gas monopoly Gazprom, President Viktor Yushchenko’s office reported Thursday.

KIEV, June 18 – The International Monetary Fund has become increasingly concerned over the Ukrainian government’s decision to classify vital economic statistics this year, and this may “start to impede” its lending program to the country, a senior IMF official said.

KIEV, June 16 – The leader of the Front for Change public initiative, Our Ukraine-People's Self-Defense Bloc MP Arseniy Yatseniuk, has called for a comprehensive international investigation into the activity of Ukraine's energy sector.

KIEV, June 17 - Standard & Poor's Ratings Services has confirmed at 'CCC+' and "uaBB" for the Autonomous Republic of Crimea: on liabilities denominated in foreign currency.

KIEV, June 18 – The Cabinet of Ministers intends to take measures to help the financial recovery of aviation enterprises, Ukrainian Premier Yulia Tymoshenko said at a meeting dedicated to the problems of the aviation field in Kiev.

KIEV, June 18 - President Viktor Yushchenko on Wednesday suspended indefinitely the government’s controversial decision canceling the production sharing agreement with U.S. oil firm Vanco Energy, the presidential office reported.

KIEV, June 18 – Prime Minister Yulia Tymoshenko on Wednesday temporarily postponed plans for amending the 2008 budget after President Viktor Yushchenko criticized its new inflation forecast as too optimistic.

KIEV, June 15 - The United Nations Development Program (UNDP) and the Ministry of Environmental Protection have presented the new program entitled "The National Environmental Policy of Ukraine: Assessment and Development Strategy."

KIEV, June 18 - Ukraine and Azerbaijan on Monday praised multilateral efforts made over the past month aimed at establishing an oil pipeline route for shipments of Caspian Sea oil to markets in Europe.