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Ukraine extends freeze on gas prices until Sept. 1 despite IMF criticism
Journal Staff Report

KYIV, July 26 - Ukraine on Thursday extended a freeze on gas prices until at least Sept. 1, reducing its prospects of securing more money from the International Monetary Fund needed to keep its war-battered economy on a stable footing, Reuters reported.

Ukraine must raise gas prices to market levels in order to qualify for more aid under a $17.5 billion IMF program. It initially agreed to raise prices under a jointly agreed formula but has since postponed price rises a number of times.




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