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 World Bank approves $500 million loan to Naftohaz, - Minister Danyliuk

The World Bank's Board of Directors has decided to grant Ukraine's major gas operator Naftohaz $500 million in loan guarantees necessary for the purchase of natural gas for the 2016-2017 heating season.

This was announced by Minister of Finance Oleksandr Danyliuk, Censor.NET reports citing UNIAN.

"I welcome today's decision of the World Bank to provide Naftohaz with $500 million in loan guarantees for the purchase of gas," Danyliuk said.

"This will help get through the cold season without worries. We've been working on this project together with colleagues from Naftohaz for several months. We also actively discussed this issue with the World Bank leaders during my last week visit to Washington. The Ukrainian homes will be warm this winter," he added.

Read more: US confirms Ukraine fulfilled requirements to obtain $1 billion-worth loan guarantees, - Poroshenko. DOCUMENT
 
 
 
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