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Ukraine hopes it will get $300m from EBRD for gas purchases

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Staff writer ▼ | October 8, 2015
Ukraine hopes to receive $300 million from the European Bank for Reconstruction and Development (EBRD) for gas purchases, Minister of Energy and Coal Industry Volodymyr Demchyshyn has told reporters after a cabinet meeting.
Volodymyr Demchyshyn
Energy   The agreement with the EBRD has not been signed for technical reasons
Demchyshyn explained the agreement with the EBRD has not been signed for technical reasons, as Minister of Finance Natalie Jaresko, who is currently on a business trip in South America, should have signed it on behalf o Ukraine.

According to the minister, the failure to sign the agreement to provide money for gas purchases is also not related to the ongoing reform of Naftogaz Ukrainy.

"There is such a plan [the reform of the Naftogaz Ukrainy corporate governance] as a separate document, it is being discussed, but it is not part of this agreement," Demchyshyn stated.


 

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