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EU gives 308 mln euro to Ukraine for the modernisation of gas pipeline

 

 

 

The European Union will lend Ukraine EUR 308 million to renovate the Urengoi-Pomary-Uzhgorod trunk gas pipeline, Ukrainian Foreign Minister Leonid Kozhara told a press conference in Kyiv on Tuesday.

"We discussed a loan for pipeline's renovation in Brussels last week and the European side agreed to fast-track a loan of EUR 308 million for this purpose via the EBRD [European Bank for Reconstruction and Development]," Kozhara said.

Kozhara said Ukraine intended to discuss its cooperation with the EU on several projects on its territory, including the pipeline's reconstruction.

Source of infromation INTERFAX Ukraine