Ukraine has taken the first step toward creating the largest Eastern European gas hub
The state company “Ukrtransgaz” has opened a bonded warehouse for temporary storage of gas, purchased abroad, in ten underground storage. This will enable traders to store gas without customs clearance up to 1095 days, i.e., without paying taxes and customs duties in case of further transportation of natural gas from the territory of Ukraine. “Before the customs clearance of natural gas transported on the customs territory of Ukraine for its storage in underground storage facilities may be carried out only […]
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