KIEV, Oct. 22 - Ukraine's Cabinet of Ministers has given state-owned Naftogaz Ukrayiny permission to perform operations with government domestic loan bonds (OVGZ) at a fair market value.

This decision was formalized in resolution No.794-r of October 17. According to the resolution the value of the operations cannot exceed the value of loan resources Naftogaz raises on the domestic market.

OVGZ are now trading on the secondary market with yields of more than 20% per annum, which significantly tops the securities' nominal yield, set by the government at 9.95%.