31 Jul 2009 18:31

Ukraine may soon get loan to pay for Russian gas

BRUSSELS. July 31 (Interfax) - International financial institutions and the European Commission have reached a tentative agreement on extending a loan to Ukraine to pay for Russian gas to be pumped into Ukrainian underground storage facilities before the next fall and winter season, a European Commission source told Interfax in Brussels on Friday.

The key elements of the agreement were based on Ukraine's obligations regarding the reform of its gas sector, the source said.

The European Commission, the European Bank for Reconstruction and Development, and the World Bank are drawing up a statement of intent, which would stipulate the further steps, including financial assistance. A discussion on this issue is still under way, and the statement will be made public soon, possibly on Monday, he said.

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