The European Bank for Reconstruction and Development can give Naftogaz of Ukraine NJSC up to 100 million dollars of funding within the revolving credit line for 250 million, Interfax-Ukraine reports.
The expected date of the session of the management board of the bank is 5 September, 2018.
EBRD reminds that the credit line is organized by the international investment bank Goldman Sachs and guaranteed by the Overseas Private Investment Corporation.
The funds are provided to the company for purchasing gas during the summer period.
It is anticipated that the project implementation will allow Naftogaz to purchase gas, totaling 4% of the annual consumption of Ukraine.
It was previously reported that Naftogaz of Ukraine NSJC can purchase gas only at the western border, using the funds of the European Bank for Reconstruction and Development.
