Naftogaz expects to receive World Bank loan for gas purchase by late Nov

Photo from UNIAN

"We hope that everything will be signed before the end of this month," Vitrenko said.

He also noted that the company expected to use the credit funds issued under the guarantee of the World Bank this year.

As UNIAN reported earlier, on October 18, the World Bank's Board of Directors decided to grant Ukraine's state-owned energy holding Naftogaz of Ukraine the $500 million loan guarantees that will allow attracting loan resources for the purchase of the necessary volumes of natural gas for the passage of the 2016-2017 heating season.