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Yushchenko to audit Naftogaz Ukrayiny to determine shortfall size
Journal Staff Report

KIEV, March 11 - President Viktor Yushchenko on Thursday plans to examine the books of Naftogaz Ukrayiny to see whether the national oil and gas company can run without a major financial gap in 2009.

Naftogaz is facing a gap of up to 10 billion hryvnias ($1.2 billion) in 2009 due to the steep hike in Russian gas prices and the government’s unwillingness to drastically increase domestic household gas prices.




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