Russian news agency TASS has reported that Kiev has revoked the licence of the Ukrainian version of Euronews.

According to the report, Ukraine’s National Television and Radio Broadcasting Council has revoked the licence. The news follows the announcement of a cooperation agreement between Euronews and Inter Media Group aimed at developing and reinforcing the Ukrainian version of the channel.

TASS said that according to the Zerkalo Nedeli newspaper, the decision was caused by “strongly overpriced content ingestion rights, large debts to Euronews and the inability to influence the content of the channel’s Ukrainian version.”

“Currently the debt amounts to about €11 million, while the budget of Ukraine’s National Television Company allocated by the government for 2015 equals €600,000,” the company’s deputy head Alexander Kharebin said. He noted that talks with Euronews on debt obligations were under way.

The Ukrainian edition of Euronews was launched in August 2011. We asked Euronews for a a comment on this report by TASS and are awaiting a reply.

The Ukrainian version of Euronews ia available as a free-to-air signal on the Eutelsat Hot Bird satellite.