Monday, March 1, 2010

Ukraine Halts Electricity Exports To 3 EU Nations

Ukraine's Energy Ministry says the nation has cut off electricity exports to three European Union nations amidst reports of a coal shortage. Fuel and Energy Ministry spokesman Fent Di said the shutoff occured because no Ukrainian firms put in bids to sell the electricity amid a coal shortage in Ukraine.

Hungary, Romania and Slovakia will all have their electricity supplies cut as Ukraine’s newly elected President Viktor Yanukovych travelled to Brussels Monday on his first official foreign visit. He was expected to discuss energy security and other issues with EU leaders.

Firms responsible for about half of the ceased electricity are controlled by the government of Prime Minister Yulia Tymoshenko, who last month lost the presidential election to Mr Yanukovych.

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