KYIV, July 25 – Naftogaz Ukrayiny announced that the proposal to postpone payments on eurobonds, which was due to the government's position to use these funds for natural gas import, did not find support among the eurobond holders and plans to take actions regarding the execution of the company's eurobonds transaction in connection with the government's ban on making payments under existing conditions and instructions to change these conditions.

Since the launch of the Request for Consent, Naftogaz has been engaged in constructive discussions with the bondholders. In light of Cabinet Resolution No. 625 dated July 21, which instructs Naftogaz to conclude a new agreement on terms different from those proposed in the Request for Consent, and limits further actions of Naftogaz without separate approval by the Cabinet of Ministers, Naftogaz expects to formulate a new proposal, the company said in a report on the stock exchange on Monday.