KIEV, July 4 – State-run enterprise Chornomornaftogaz (Simferopol, Crimea) has selected Vseukrayinsky Bank Rozvytku (all-Ukrainian Development Bank, VBR Bank, Kiev) to open a renewable multi-currency credit line in the equivalent of UAH 150 million, reads a report of Chornomornaftogaz on the government procurement Web portal.

The report says that the offer was accepted on July 2 and the final agreement is to be signed by August 1.

The cost of the servicing the line will be UAH 28.131 million (value added tax not included) or 18.3% per annum in hryvnias or 11.3% per annum in the U.S. dollars.