The EBRD will sign an agreement with Naftogaz on the loan for $300 million

The EBRD will sign an agreement with Naftogaz on the loan for $300 million


The parties plan to sign the agreement next week. The head of “Naftogaz” Andrey Kobelev said that Kiev initially planned to get and start using the proceeds of the credit at the end of October, but the period can be shifted by early November.

KIEV, 16 Oct. The European Bank for reconstruction and development plans next week to sign the agreement with “Naftogaz of Ukraine” on the allocation of credit in the amount of $ 300 million for the purchase of gas in Europe, said the managing Director of EBRD for Eastern Europe and the Caucasus Francis Malizh.

“The loan that we plan to sign next week, $ 300 million will be available very quickly after its signing”, — said a top Manager of the Bank at a briefing on Friday.

In turn, the head of “Naftogaz” Andrey Kobelev said that Kiev initially planned to get and begin to use the funds of this loan at the end of October, now this term can be shifted by early November.

This credit must be given to “Naftogaz” under guarantees of the Ukrainian government. Several media outlets earlier reported that a loan agreement was not signed at the appointed time, allegedly for the reason that the EBRD is not satisfied with the Kiev approved a plan to reform corporate governance of Naftogaz.

KOBOLEV earlier said on Friday that the Cabinet of Ministers of Ukraine approved the plan for the reform of corporate management of “Naftogaz”, which will allow you to get the EBRD loan ($300 million) and the world Bank (500 million dollars). The agreement with the WB may be concluded at the end of the current year.