"Naftogaz" will borrow $ 500 million to purchase Russian gas

Source : 112 Ukraine

The loan is needed to buy Russian gas after reaching the agreement with Russia and the European Commission
18:11, 22 September 2015

"Naftogaz of Ukraine" plans to receive $500 million loan from state-owned banks for the purchase of Russian gas. It was announced by Yuri Vitrenko, director of business development of "Naftogaz", at the energy forum, "UNIAN" reports.

"Naftogaz" is confident to get $500 million for the purchase of Russian gas in the case of signing of the trilateral Protocol [between the EC, Ukraine, and Russia]", - he said.

According to him, the company will attract these funds only in state banks after signing an agreement with "Gazprom" on gas supplies.

Vitrenko said the “Naftogaz” to cooperate with the state-owned "Oschadbank", "Ukrgasbank", and "Ukreximbank".

Earlier, Minister of Energy Volodymyr Demchyshyn expressed hope that the gas protocol is to be signed on September 25th.

Related: Ukrainian sanction lists against Russia entered into force

Related: The European Investment Bank to provide € 460 million loan for Ukraine

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