EUOBSERVER / BRUSSELS - The European Commission has helped Ukraine to secure international loans to prevent a repetition of last winter's gas cut-off. The European Bank for Reconstruction and Development, the European Investment Bank and the World Bank will together put forward $1.7 billion (€1.2 billion). Ms Tymoshenko (l) and Mr Barroso - gas sector reforms could harm Ms Tymoshenko's political ambitions Three hundred million dollars is to help Ukraine buy Russian gas to fill storage tanks for the coming winter. The rest is to pay for reforms to its distribution network over the next 18 months. The deal is conditional on Ukraine increasing transparency in its state-owned gas distributor Naftogaz, reducing gas waste and bumping up household energy prices to market levels.
EUOBSERVER / BRUSSELS - The European Commission has helped Ukraine to secure international loans to prevent a repetition of last winter's gas cut-off.
The European Bank for Reconstruction and Development, the European Investment Bank and the World Bank will together put forward $1.7 billion (€1.2 billion).
Ms Tymoshenko (l) and Mr Barroso - gas sector reforms could harm Ms Tymoshenko's political ambitions
Three hundred million dollars is to help Ukraine buy Russian gas to fill storage tanks for the coming winter. The rest is to pay for reforms to its distribution network over the next 18 months.
The deal is conditional on Ukraine increasing transparency in its state-owned gas distributor Naftogaz, reducing gas waste and bumping up household energy prices to market levels.
Don't forget, she promised, you're all witnesses.
