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Ukraine launched its new market model and power exchange on 1 July. The market will take time to develop, as price caps are in place for nine months and until foreign market participants enter the market, which will raise demand for new tradeable products and boost liquidity. Vitaly Butenko, chief executive of D. Trading — trading arm of private-sector DTEK Holding — spoke to Argus about the operation of the market so far and expectations for its development