May 30, 2018 / 11:35 AM / in 5 months

Ukraine keeps gas prices unchanged despite pledge to IMF

KIEV (Reuters) - Ukraine will keep household gas prices unchanged for the next two months despite a previous promise to the International Monetary Fund to raise prices to market levels, the government said on Wednesday.

Raising gas prices is a key condition for Ukraine to receive more aid from the IMF, which supports Kiev with a $17.5 billion (13.2 billion pounds) staggered bailout programme conditional on reforms and efforts to tackle corruption.

Since pro-Western forces took power after the 2014 Maidan street protests, Ukraine has received $8.4 billion from the IMF and more then $5 billion from the World Bank among other backers, helping to lift the country out of a steep recession.

Reporting by Pavel Polityuk and Natalia Zinets; Editing by David Goodman

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