BRUSSELS, March 30 – The interest on credits issued by international financial institutions for the upgrade of the Ukrainian gas transportation system could be LIBOR+1, according to Vyachelsav Knyazhytsky, an advisor on energy issues to the Ukrainian mission to the European Union.

He said that as a rule, such banks as the European Bank for Reconstructions and Development, the European Investment Bank and the World Bank use this rate for long-term contracts.