The EBRD is discussing with Ukraine a new loan program for the purchase of gas

© RIA Novosti / Alexei Vitvitskiy in photobacteria the European Bank for reconstruction and development. Archival photo<img src="/wp-content/uploads/sites/5/2018/01/560874be32d198c1926fb7aab1eaa47e.jpg" alt="The EBRD is discussing with Ukraine a new loan program for the purchase of gas” />© RIA Novosti / Alexei Vitvitskiy the image Bank

The European Bank for reconstruction and development (EBRD) is in talks with Ukraine about granting a new loan program for the purchase of gas for the winter, the amount of possible aid has not yet been determined, reported RIA Novosti senior Advisor to the EBRD in Eastern Europe, Caucasus and Central Asia Anton Usov.

This week the head of «Naftogaz of Ukraine» Andrew KOBOLEV said that the company in 2018 can stay without cheap credits for gas injection from the EBRD and the world Bank for a total amount of $ 800 million because the government of Ukraine does not comply with the requirements of these international organizations.

«Now between the EBRD and Ukraine are continuing negotiations on the granting of a new loan program. Results yet, the amount of potential aid not yet determined,» — said Usov.

He said that to grant a new loan to Ukraine should ensure the implementation of a number of EBRD requirements, including, in particular, the functioning of an independent Supervisory Board with the «Naftogaz».

Revolving credit line the EBRD in the amount of $ 300 million for a period of three years was opened in October 2015 and is intended for the purchase of gas on the Western border of Ukraine. One of the conditions of the EBRD loan was the reform of corporate management of «Naftogaz». In 2015, the «Naftogaz» for the EBRD purchased 1.7 billion cubic meters in 2016 and 2017 — 1.8 billion cubic meters.

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