Sports minister says RUSADA doping inspectors started testing athletesSport July 25, 17:25
Arctic shelf development tops agenda of Murmansk international business weekBusiness & Economy July 25, 17:08
Trump backs investigation into Kiev’s meddling attempts to sabotage his election campaignWorld July 25, 16:57
Erdogan announces deal with Russia on S-400 air defense missile systemsMilitary & Defense July 25, 16:16
Austria concerned about US attempts to achieve own economic ambitions via Russia sanctionsBusiness & Economy July 25, 15:41
Russia may appeal ECHR’s decision on compensation for defendant in Nemtsov murder caseSociety & Culture July 25, 15:23
Moldovan president, Russian envoy to hash over bilateral ties and breakaway TransnistriaRussian Politics & Diplomacy July 25, 14:43
US will either have to put up with North Korea’s nuclear weapons or use force — expertWorld July 25, 14:33
Kremlin refrains from comments on media allegations about Tillerson’s possible resignationRussian Politics & Diplomacy July 25, 14:03
KIEV, October 10 (Itar-Tass) - The Ukrainian parliament on Thursday voted in favor of extending government guarantees of 11 billion hryvnias (about 1.38 billion U.S. dollars) to the national oil and gas company Naftogaz Ukrainy to secure obligations under loan agreements with Russia’s Gazprombank worth two-billion U.S. dollars and with domestic banks.
A total of 231 lawmakers voted in favor of the corresponding law introducing amendments to the country’s state budget. At least 226 votes were needed to pass the law.
According to the Ukrainian ministry of energy and coal industry, Naftogaz’s debt to Gazprombank stood at 1.794 billion U.S. dollars as of the beginning of September, so government guarantees to the sum of at least 500 million U.S. dollars were needed.
Ukraine’s state budget for 2013 provides for government guarantees of up to 50 billion hryvnias (6.25 billion U.S. dollars).
Naftogaz signed term loan facility agreements worth up to two billion U.S. dollars with Russia’s Gazprombank, and with Ukraine’s Oshchadbank, Ukrgazbank, Urkeximbank, and others.
Presenting the bill, Minister of Energy and Coal Industry Eduard Stavitsky said that it will help balance Naftogaz’s money flows be means of extending the term of the use of the credit sum worth two billion U.S. dollars for seven years and in the long run will ensure stable operation of Ukraine’s gas transport system.