The Ukrainian government is considering raising consumer electricity prices in a move that could exacerbate the financial pressures of Russia’s war on ordinary Ukrainians.
Removing subsidies for energy bills – a form of poverty protection during wartime – could increase the financial needs of Ukrainians by up to $750m (about £600m), according to a recent study by the World Bank.
But now a range of factors – including demands from the International Monetary Fund, Russia’s infrastructure campaign, and the state’s costly commitments to supporting green energy producers – mean Volodymyr Zelenskyi’s administration is considering raising consumer prices at the end of May.
