You're reading: Reuters: Passing energy bills, Ukrainian MPs clear path for new EU loan

The Ukrainian parliament passed two bills on Sept. 22 aimed at prising open the domestic energy distribution market to more competition, a reform demanded by the European Union in exchange for a 600-million-euro ($674.10 million) loan.

The first bill will allow more companies to compete in the local distribution market – at present controlled by regional monopolies. The second measure creates an independent electricity commission responsible for setting power tariffs.

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