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World Bank prepares $500 million guarantee for gas purchase in Ukraine
22:40, 3 June 2016
World Bank prepares $500 million guarantee for gas purchase in Ukraine

Introduction of single market price on gas in Kyiv causes project start

22:40, 3 June 2016

worldbank.org

Prime Minister Volodymyr Groysman met with the Vice President of the World Bank in Europe and Central Asia Cyril Muller and they discussed the issues of the equitable growth and Jan Walliser’s finances and institutions. This was reported in the press service of the Cabinet.

The parties discussed directions of further cooperation between Ukraine and the World Bank and the government's plans to implement reforms in the country.

Cyril Muller marked the government's decision on the introduction of a single market price on gas.

"I was struck by the determination of your actions in the direction of the output of the gas sector on a sustainable path of development and the fact that all the programs have resulted in more efficient use of energy", he said.

"This is an important signal that helps us to complete the final steps for the project, which provides $500 million guarantee for the purchase of gas," said the Vice President.

The interlocutors noted Ukraine's progress towards opening the final beneficiary owners of the companies.

Related: Brussels defines when Ukraine gets visa-free regime with EU

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