WorldPosted at: Jan 21 2026 12:21AM


Ukraine needs to scrap energy subsidies for continued IMF support, says director Kristalina Georgieva

Kyiv, Jan 20 (UNI) Ukraine will need to scrap its subsidies on electricity and heating, and spread its tax burden more evenly if it wants to unlock further support from the International Monetary Fund, said the global money lender's managing director Kristalina Georgieva.
Speaking on the sidelines of the World Economic Forum in Davos, Georgieva said that Kyiv would need to scrap energy subsidies, if it wishes for continued international backing.
"We still have electricity and heating subsidised; they're subsidised for a reason, we know why the country is doing it, but that has to go," she said.
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