KIEV, Oct. 12 – European Investment Bank President Werner Hoyer and World Bank Group President Jim Yong Kim signed an agreement in Lima (Peru) under an EU guarantee that aims to facilitate the purchase of gas by Ukraine’s national gas company Naftogaz.

"The EIB will guarantee up to $520 million of selected World Bank loans in Ukraine, which will enable the World Bank to guarantee letters of credit facilities for gas purchases by Naftogaz," reads a joint statement issued by the organizations.