KYIV, June 12 – Ukraine in the memorandum to the International Monetary Fund (IMF) under the new Stand-By Arrangement has undertook by the end of August to review and approve all heating tariffs, linking them to the cost of gas and associated costs, including capital investments.

"We have eliminated the cap on household heating tariffs by revoking cabinet resolution No. 560 of June 26, 2019. We will ensure that, by the end of August 2020, all heating tariffs under the jurisdiction of both the NEURC (the National Energy and Utilities Regulatory Commission of Ukraine) and local authorities are reviewed and officially enacted to fully reflect gas and non-gas costs (including capex)," the document says.