KIEV, May 25 – The government plans to increase capital of state energy company, Naftogaz Ukrayiny, by 8.3% to 45.8 billion hryvnias, a move that may be aimed at rescuing the company from bankruptcy.
The government over the past two years has repeatedly resorted to injecting state capital into the company over the pasr two years, underscoring the company’s difficulties to pay for Russian gas imports.
According to cabinet resolution No. 528 of May 23 published on Wednesday, the shares will be paid for with five- and seven-year government domestic loan bonds.
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