The government of Ukraine provided the NJSC "Naftogaz of Ukraine" the state guarantee for the loan of the European Bank for restoration and development (EBRD) in the amount of 300 million dollars raised for the purchase of gas.
"in order to create stabilization (backup) energy Fund to agree With the initiative of the Ministry of energy and coal industry for the provision of in 2015 of state guarantees to ensure compliance with debt obligations of the National joint-stock organization "Naftogaz of Ukraine" for the loan of the European Bank for restoration and development amounting to 300 thousand Dollars, ? cites RIA "news" the text of the resolution of the Cabinet of Ministers of Ukraine.
Naftogaz is mandated to provide the use of natural gas, purchased with a loan, only to meet the needs of Ukrainian customers. On July 16, Deputy head of Naftogaz Sergei Conover reported that "Naftogaz of Ukraine" in September-October, hopes to receive an EBRD loan of 300 million dollars for the purchase of gas and pumping it into underground storage (UGS) for the coming winter. July 14, Director of the European Bank for restoration and development in Ukraine Sevki Acuner has not excluded that the Bank will allocate Kiev 250?300 million dollars loan for the purchase of gas. On 6 July it was announced that the Ukrainian Government established a stabilization energy Fund at $ 1 billion, to fill which will be external creditors under the state guarantees. The Fund intended for the purchase of gas for European credit Funds to fill underground storage facilities by the beginning of the heating season. On 3 July it was announced that the European Bank for restoration and development (EBRD) plans to invest in 2015 to about $ 1 billion in the Ukrainian economy, as well as among them in the gas sector, subject to the implementation of Kiev reforms.