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Naftogaz to continue using $500-mln loan guaranteed by World Bank
Journal Staff Report

KYIV, Nov 14 – Naftogaz Ukrayiny would be able to continue using the renewable credit line of $500 million secured by the World Bank for the purpose of buying natural gas required for passing the heating season, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen has said.

Last year the World Bank provided the funds to buy gas in the form of guarantees, she said at a press conference in Kyiv on Tuesday. This is a renewable line and there is no need for the bank to close it, she said.




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