IMF: Ukraine's revenues will decrease by more than $ 1 billion a year due to Nord Stream 2
stream-2 “will lead to the fact that Ukraine's revenues from gas transit will decrease by more than a billion dollars a year in the period until 2024, while the current contract for pumping with Gazprom is in force. Estimates of the country's potential losses were provided by the International Monetary Fund.
“Over the past five years, Ukraine has received an average of slightly more than $ 2.5 billion a year in exchange for providing its gas pipelines to Gazprom. In 2021, it is assumed that transit fees will be 40 percent lower than in previous years, ”says the document on the revision of the stand-by lending program for Ukraine.
The IMF explained. that after the launch of the project, the volume of gas passing through Ukraine will decrease additionally. “Ukraine's revenues from transit are projected at about 1.2 billion per year. The current contract between Gazprom and Naftogaz expires in 2024, “the IMF said.
In mid-November, the head of the Ukrainian company Naftogaz, Yuriy Vitrenko, said that if the Nord Stream 2 gas pipeline was launched, »Ukraine's annual losses will amount to about two billion dollars. According to him, this is equivalent to about one and a half percent of the country's GDP.