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Naftogaz faces $3.5 billion loss this year, says Yushchenko official
Journal Staff Report

KIEV, June 18 - Naftogaz Ukrayiny faces 27.3 billion hryvnia, or $3.5 billion, in losses this year unless its renegotiates a natural gas agreement with Russian gas monopoly Gazprom, President Viktor Yushchenko’s office reported Thursday.

“It’s impossible to change the financial situation of Naftogaz without changing the agreement signed with Gazprom on the gas transit,” Yushchenko’s economic department said in a report posted on the presidential website.




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