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...
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