Middle East Economic Survey

VOL. LII

No 40

5-Oct-2009

CASPIAN

Naftogaz Asks EBRD For $580Mn Loan To Fund Gas Purchasing

Ukraines Acting Finance Minister Igor Umansky told Interfax-Ukrainy on 29 September that struggling state gas utility Naftogaz Ukrainy has asked the European Bank for Reconstruction and Development (EBRD) for a $580mn loan. This would be used to pay Russias Gazprom for gas imports, and in particular cover the need for increased storage volumes ahead of the winter. Mr Umansky said...