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2014-10-29 18:45:00

EU BUYS UKRAINE: $2.7 BLN

EU BUYS UKRAINE: $2.7 BLN

The European Union's executive body is close to signing off on two disbursement of loans promised to Ukraine that would give Kiev about EUR760 million ($965 million) in additional funding by the end of the year, two senior officials said Tuesday.

The move comes as the EU confirmed Tuesday it was keeping in place its current sanctions regime against Russia over Moscow's actions in Ukraine.

The EU funds would go some way toward settling coming gas bills and international debt payments, the officials say. However, it won't be enough for Ukraine to get natural gas flowing again from Russian state-owned energy giant…

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Tags: GAS, GAZPROM, RUSSIA, EU, UKRAINE,
Chronicle:
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