KYIV, June 27 – The operator of the gas transmission system (GTS) Ukrtransgaz has signed an agreement with ERU Trading LLC on restructuring of UAH 1.47 billion debt for supply of gas for industrial and technological needs, writing off accrued penalties and addressing mutual challenges, the press service of Ukrtransgaz has reported.

This agreement settles claims of Overseas Private Investment Corporation (OPIC, the financial institution of the U.S. government) to the government of Ukraine on the settlement of losses. ERU Trading's contracts for the supply of gas to Ukrtransgaz are secured by OPIC.