The International Monetary Fund insists on raising gas prices for Ukrainian households, a condition necessary for disbursing a $15.15-billion loan to the country, IMF Resident Representative for Ukraine Max Alier said on Monday, according to RIA Novosti.

Ukraine and the fund signed a standby arrangement in 2010 and Kiev has already received over $3.4 billion.

Further disbursement was suspended by the government's failure to reform Ukraine's retirement system and to increase gas prices. Last week, President Viktor Yanukovych signed the pension reform law despite the nation's discontent.


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