03:14 GMT27 July 2021
Listen Live
    Business
    Get short URL
    Russia-Ukraine Gas Conflict (292)
    262
    Subscribe

    The preliminary terms of the World Bank’s (WB) anticipated $500-million loan to Ukraine envisions natural gas deliveries from both the European Union and Russia, the head of Ukraine’s state-run Naftogaz energy company said Monday.

    KIEV (Sputnik) – Kobolev warned that working-level decisions are subject to approval from the WB’s Board of Directors, who are set to meet at an unspecified time in the future.

    "The Bank team expects us to include the eastern border in the list of delivery points in advance. Therefore, we will have the ability to pump gas from any direction, if the supplier agrees to the terms of the Bank," Andriy Kobolev told Ukraine's news agency LigaBiznesInform.

    The Naftogaz CEO also expressed doubt in the company's ability to solve "a lot of technical problems" in order to secure the $500 million from the WB this year.

    Last month, the European Investment Bank (EIB) signed a deal with the WB guaranteeing up to $520 million of a WB loan to Ukraine to facilitate gas purchases.

    Late in September, Ukrainian Prime Minister Arseniy Yatsenyuk assessed his country’s needs during this year’s heating season at $1.3 billion.

    Topic:
    Russia-Ukraine Gas Conflict (292)

    Related:

    Rostec to Announce Tender for Construction of Pakistan Gas Pipeline in 2016
    Russia Ready to Supply Japan With as Much Gas as It Needs
    Sanders Unveils Bill to Ban Oil, Gas Extraction on Public Lands, Waters
    Russia, Serbia May Sign Contract on Underground Gas Depot Expansion
    Hungary Exploring Ways to Get Russian Gas if Transit Via Ukraine Stops
    Hungary Wants to Increase Volume of Russian Gas in Underground Storage
    VIDEO: Israeli Officers Threaten to Gas Kids to Death at Refugee Camp
    Pentagon Shelled Out $43M for $500K Gas Station in Afghanistan
    US to See Record Number of Corporate Defaults Amid Oil, Gas Liquidity Woes
    Gazprom to Hold Auction by Year-End on 2016 Gas Delivery to Baltic States
    Tags:
    World Bank, European Investment Bank, Naftogaz, Arseniy Yatsenyuk
    Community standardsDiscussion