Business news from Ukraine

GERMANY INTERESTED IN UKRAINE’S CONTINUING STATUS AS GAS TRANSIT COUNTRY – AMBASSADOR

14 September , 2016  

KYIV. Sept 14 (Interfax-Ukraine) – Germany is interested in further use of the Ukrainian gas transportation system to meet the needs of Europe, German Ambassador to Ukraine Ernst Reichel told Interfax-Ukraine in an exclusive interview.

“The German government is fully aware of Ukraine’s concerns regarding the Nord Stream 2 project and the foreign policy context behind it. The government will continue to stand for using the Ukrainian gas transportation system to provide gas to the EU member countries, for example, the countries of South-Eastern Europe,” he said.

He said that if the Nord Stream 2 project is implemented, it should fully comply with the demands of European legislation. “If the interested firms decide to implement it finally, Nord Stream 2 should comply with all legal acts on this case, which are applied in the EU to all projects of such nature,” he said.

At that, the diplomat said that it is too early to raise the question of participation of German companies in the management of the Ukrainian gas transportation system. “I believe it is too early to raise the question. Naftogaz is still not disaggregated. The conditions under which the EU firms could participate in one of the separate successor companies of Ukrtransgaz are still unclear,” he said.

“Regarding the overall economic and investment climate in Ukraine, there is still room for improvement, for instance, in the reforms of the activities of judicial bodies and the fight against corruption,” he said.