EU ROUND UP – UKRAINE SEEKS GAS FINANCE
July 1st, 2009
BY KEITH NUTHALL
INTERNATIONAL talks are underway to secure Ukraine funding to pay Russia for natural gas to ensure deliveries to Europe can be guaranteed this winter.
The European Commission, the International Monetary Fund (IMF), the World Bank, the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have been meeting with Russian and Ukraine officials to head off a repeat of last winter's supply crisis.
Ukraine claims it needs around US$4 billion to stockpile Russian gas in the summer when demand is low although ...
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