KYIV, June 25 – The European Bank for Reconstruction and Development (EBRD) may lend EUR 60 million to Naftogaz Ukrayiny to finance the purchase of natural gas for imports.

As the bank said on its website, its board of directors plans to consider this project on July 24.

The announcement says that such support by the EBRD in the form of a letter of credit will cover up to 20-30% of the payment risk of Naftogaz associated with financing the purchase of gas from reputable international traders, without resorting to sovereign guarantees.