KIEV, Jan. 3 – Naftogaz Ukrayiny has signed with Citi and Deutsche Bank a loan agreement for a euro-denominated credit facility for gas purchase in the equivalent of $500 million secured by the World Bank.

The facility is secured by the World Bank's guarantee, which, in turn, is secured by the sovereign guarantee issued as part of the formation of the energy fund according to resolution No. 876 of the Cabinet of Ministers dated November 30 on the provision of the International Bank for Reconstruction and Development with the sovereign guarantee under obligations of NJSC Naftogaz Ukrayiny, the national gas company reported.