UNIAN
In accordance with the decree of the Cabinet of Ministers of Ukraine, the authorized capital of national joint-stock company Naftogaz Ukrainy was increased to UAH 160.45 billion, up from UAH 55.84 billion.
The government's decision was published on the web portal of the Cabinet of Ministers.
Naftogaz Ukrainy is the state largest vertically integrated oil company in Ukraine, accounting for more than 97% of oil and gas output in the country. Naftogaz Ukrainy specializes in field development, oil and gas production, transportation and sale of petroleum products through its own network of filling stations.
Earlier, the Cabinet decided to increase the authorized capital of Naftogaz Ukrainy by issuing T-bills to pay for imported gas. The bonds are issued with maturity of up to 10 years and the rate of 14.5% per annum. In March, the Ministry of Finance issued government bonds for a capital increase of Naftogaz Ukrainy by UAH 17.2 billion, and in April by another UAH 8.9 billion.