EUROPEAN BANKS LINK UKRAINE GAS REPAIR LOAN TO LIBERALISATION
March 1st, 2012 BY KEITH NUTHALL EUROPEAN Union (EU) financial institutions are using soft power muscle to push Ukraine towards liberalising its gas distribution system. Talks are underway involving the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) to raise a USD308 million loan to fund emergency repairs to the main Urengoy-Pomary-Uzhgorod export pipeline to Europe. The work, said an EBRD memorandum, is "urgently required for safe and uninterrupted gas transit to Europe". However, the banks are also looking for the ...
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