KYIV, May 7 – The European Bank for Reconstruction and Development (EBRD) could provide Galnaftogaz with a long-term loan in the amount of $35 million to finance capital expenditures in 2020-2022 and replenish working capital.

According to the bank's website, the board of directors plans to consider the relevant project on June 10.

"The project will focus on the following objectives: working capital to develop the company's Farmer Supply Program, improvements in its logistics infrastructure, and capital expenditure for its fuel stations network, including the installation of electric vehicles charging stations," the report says.