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Naftogaz to pay Gazprom March debt this month under IMF arrangement
Journal Staff Report

KIEV, May 6 – Naftogaz Ukrayiny will purchase $2.16 billion from the National Bank of Ukraine and will pay an overdue debt as of late March 2014 for supplies of natural gas to Russia's Gazprom by the end of May, according to the Stand-By Arrangement of the International Monetary Fund prepared for Ukraine.

According to the materials of the program, the NBU will also sell another $1.67 billion to Naftogaz to pay Naftogaz's government secured eurobonds in September 2014.




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