European Commission vice-president: our priority it to ensure gas transit across Ukraine after 2020

European Commission vice-president: our priority it to ensure gas transit across Ukraine after 2020
15 September 2017

It is a priority for the European Commission to ensure the transit of Russian gas via the Ukrainian gas transport system after 2020, the Vice-President of the European Commission in charge of Energy Union, Maros Sefcovic said at the 14th Yalta European Strategy Annual Meeting organised by the Victor Pinchuk Foundation.

“Ukraine has a huge potential to become an energy hub. I must stress that continuing important gas transit across Ukraine after 2020 is a priority for the European Union,” Sefcovic continued.

Sefcovic noted that Ukraine had achieved notable progress in reforming its economy despite the difficult conditions caused by the war on its eastern border.

“One may be very critical if you look at things from the European Commission point of view but, in honesty, we must say that in the past several years, more reforms were carried out that in the previous 20 years,” the vice-president of the European Commission said.

Sefcovic praised Ukraine’s progress in the reforming of its banking sector and shift to economic growth.

“The best answer to the situation in the east, the best recipe for success is to develop a strong democratic and prosperous Ukraine which can be a model to its neighbours,” Sefcovic concluded.

The online stream of the Yalta European Strategy (YES) 14th Annual Meeting will be available online at yes-ukraine.org as well as on the websites of our media partners, in both English and Ukrainian.

The official Twitter of the 14th YES Annual Meeting is @yes_ukraine, and participants and followers can include the hash tag: #YESUkraine2017

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Niall Ferguson
Niall Ferguson
Senior Fellow, Hoover Institution, Stanford University, 15th YES Annual Meeting, 2018
«[…] there is only one past, but multiple futures. And our job, collectively, is to choose the right future.»