Ukraine’s parliament on Thursday backed a law aimed at breaking the stranglehold of powerful groups over the lucrative gas distribution sector and establishing fairer market conditions. “This law will abolish the monopoly of the oligarchs and allow gas price reductions,” said Oleh Lyashko, leader of Ukrainian Radical Party, which has repeatedly called for measures to curb the influence of big business.
The gas distribution market is mostly controlled by companies belonging to a few rich businessmen, including oligarch Dmytro Firtash whose Group DF, according to deputies, directly or indirectly controls 70% of the market.
The new law is intended to ensure non-discriminatory …read more
Source: Daily News & Analysis
