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EBRD mulls allocating loan for Ukraine to cover gas imports

Xinhua, July 14, 2015 Adjust font size:

The European Bank for Reconstruction and Development (EBRD) is considering a possibility to allocate a loan for Ukraine to finance the country' s natural gas imports, the bank's director for Ukraine Sevki Acuner said Tuesday.

"We are considering a funding assistance in the amount of between 250 and 300 million U.S. dollars," Acuner told reporters during a media briefing in Kharkov, eastern Ukraine.

The financial assistance is designed to help cash-strapped Ukraine overcome the winter heating season, he said, without giving timeline and interest rate of the possible loan.

In the early July, Ukraine has suspended its gas imports from Russia as EU-brokered talks failed to reach agreement on pricing.

During the negotiations, Russia has offered Ukraine a gas price of about 247 dollars per 1,000 cubic meters for the third quarter of 2015, but Kiev said the price should be 47 dollars lower.

Currently, Ukraine is purchasing gas solely on the European spot market at the price of about 250 dollars per 1,000 cubic meters. Endi