Dear Ukrainians, Your Gas Bill Goes Up By 50% On May 1, Have A Nice Day | Zero Hedge

We assume this is not what President Obama meant when he said "costs"...

*UKRAINE TO RAISE GAS PRICES FOR HOUSEHOLDS 50% FROM MAY 1

*UKRAINE TO RAISE GAS PRICE FOR HEATING UTILITIES 40% FROM JULY

As we warned previously, "the honeymoon is over" and it seems, from today's address, President Obama is about to mandate who and where the free market for natgas delivers it supply.

Of course, this is not about to get better anytime soon:

*NAFTOGAZ UKRAINY SAYS GAS DEBT TO GAZPROM IS $1.7B: KOBOLYEV

But President Obama is disappointed in the free market.

“We’ve already licensed, authorized the export of as much natural gas each day as Europe uses each day; but it’s going into the open market; it’s not targeted directly,” President Obama says.

“It’s going through private companies who get these licenses and they make decisions on the world market about where that energy is going to be sold,” Obama says at news conference in Brussels

Dear Ukrainians, Your Gas Bill Goes Up By 50% On May 1, Have A Nice Day | Zero Hedge