EU ROUND UP – UKRAINE MAY GET US$3 BILLION HELP FROM EUROPE FOR GAS REFORMS
September 1st, 2009
BY KEITH NUTHALL
THE SIZE of the planned international investment in Ukraine's gas distribution system has been revealed in a European Bank for Reconstruction & Development (EBRD) memorandum: up to US$3 billion maybe pumped in. Money would start flowing with a US$300 million working capital loan from the EBRD for purchasing gas, repayable after this winter heating season. Assuming this happens, and the bank accepts gas industry reforms carried out by the Ukraine government, the EBRD confirmed it would consider a US$450 million loan for infrastructure and ...
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