Friday, September 9, 2016

Opposition Bloc proposes to subsidize coal industry

By Vladimir V. Sytin
The Ukrainian Times

In his speech to the Supreme Council of Ukraine, Sergey Dunaev of the Opposition Bloc pointed out the decline of power industries and destruction of industrial parks in this country. According to him, four billion grivnas worth of state budget allocations have been expended on the purchases of coal imported from Australia, Germany and Africa, among others, over the course of two years.

At the same time, coal industry enterprises based in eastern Ukraine are dragged like cantankerous old horses to the knacker’s yard. The American puppet government of Ukraine intends to close 15 out of 35 coal mines.

Although the industry is in the doldrums, MP Dunaev proposes to subsidize it in the amount of two billion grn that would allow Ukrainian thermal power plants to buy coal at cost price, make the domestic market more active, and help create new jobs.

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