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The European Investment Bank to provide € 460 million loan for Ukraine
19:29, 21 September 2015
The European Investment Bank to provide € 460 million loan for Ukraine

One of the recipients is “Naftogaz”, which will buy gas for this money

19:29, 21 September 2015

европейский инвестиционный банк
gazprom.ru

The European Investment Bank considers granting  guarantees for €460 million to the International Bank for Reconstruction and Development, to provide the loan to Ukraine, according to the EIB's website.

“Guarantees will cover five IBRD loans supporting projects in the road transport, fuel, and energy saving sectors,” – it is said in the statement.

Funding will be in particular directed for the “Naftogaz of Ukraine” to purchase gas.

The total cost of the five projects is €1.53 billion.

As it was reported, Ukraine imported gas for $ 2.3 billion during the first half of 2015.

Related: Russian "Alfa-Bank" earned $320 mln out of Ukrainian state debt - Tymoshenko

Related: World Bank to unveil $560 mln for new roads in Ukraine

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