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THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 2, 2013, pp. 67-79

regulated by the following laws:

1. Law of Ukraine «On electricity industry», 1991, last updated 5 July 2012 [Zakon Ukrainy
„Pro elektroenergetyku“: see http://zakon2.rada.gov.ua/laws/show/575/97-вр].
2. Law of Ukraine «On alternative energy sources» in 2003, last updated 25 September

2008 [Zakon Ukrainy „Pro alternatyvni dzherela energii“: see http://zakon.nau.ua/doc/?code=555-15].

3. Law of Ukraine «On alternative fuels» 2009, last updated 19 June 2012 [Zakon Ukrainy „Pro
alternatyvni vydy palyva“: see http://zakon1.rada.gov.ua/laws/show/1391-14].
4. Law of Ukraine «On licensing certain types of economic activity» in 2000, last updated

2 October 2012 [Zakon Ukrainy „Pro lizenzuvannia pevnyh vydiv hospodarskoi diialnosti“: see http://search.
ligazakon.ua/l_doc2.nsf/link1/T001775.html].
5. Law of Ukraine «On natural monopolies», 2000, last updated 2 October 2012 [Zakon

Ukrainy „Pro pryrodni monopolii“: see http://zakon3.rada.gov.ua/laws/show/1682-14].
6. Tax Code of Ukraine, 2010, amendment 2012 [Podatkovyi kodeks Ukrainy: see
http://zakon1.rada.gov.ua/laws/show/2755-17].
7. Energy Strategy of Ukraine to 2030, 2006 (reviewed in 2012) [Energetychna strategiia Ukrainy

na period do 2030 roku: see http://search.ligazakon.ua/l_doc2.nsf/link1/FIN3853Z.html; Onovlennia Energetychnoi strategii
Ukrainy na period do 2030 roku (07.06.2012): see http://mpe.kmu.gov.ua/fuel/doccatalog/document?id=222032].

8. Resolutions of the National Regulation Commission in the electricity sector [Postanovy
Nazionalnoi Komisii, scho zdijsniue reguliuvannia u sferi energetyky (2011, 2012): see http://www.nerc.gov.ua/?id=199].

The Energy Strategy of Ukraine, which was adopted in 2006, establishes the guide lines for

the energy branch until the year 2030. In 2007 it was followed by the National Energy Program
with requirements that should have been met by 2010. However, as Ukraine could meet its

energy needs in this period using relatively cheap imported energy, there was obviously no
pressure for implementing these directives. Only since Ukraine has to purchase natural gas and

crude oil at world market prices has the use of its own energy potential been discussed with

particular urgency. In addition, the role of Ukraine in the global energy system has to be defined
and clarified. Those are exactly the objectives of the amendment of the Energy Strategy.

In the amended Energy Strategy of Ukraine, its goals regarding energy policy for the near
future are described in the following way:

1. Reducing the energy input of Ukrainian enterprises;
2. Reducing the energy consumption of the entire economy;

3. Overcoming the dependence of import energy sources;

4. Ensuring a secure energy supply for the country.

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