KYIV, June 22 – The International Finance Corporation (IFC) will provide its long-term customer Galnaftogaz Concern with a long-term corporate loan of $35 million to finance capital expenditures for 2020–2022 and to replenish working capital.

The IFC said on its website that the board of directors approved this project on June 18 this year.

It is assumed that the funds will be used to double the Galnaftogaz program to supply farmers with fuel and fertilizers (up to 200 customers), improve the logistics infrastructure, as well as extend and modernize seven oil depots and about 100 gas stations, including the installation of electric charging stations.