Ukraine expects EBRD to issue $300 mln for gas purchases on west Ukraine border – Yatseniuk

"We expect that the EBRD Board of Directors will give their thumbs-up to an additional $300 million for Ukraine to buy gas on the western border to meet the needs of the Ukrainian economy," he said at a government meeting in Kyiv on Wednesday. Should the loan be approved, Naftogaz will hold a tender in keeping with the EBRD's procedures to buy gas for $300 million on the western border. Naftogaz has already accumulated $500 million, Yatseniuk said, and the EBRD's decision will unblock another $500 million which will be provided by the World Bank against state guarantees on gas purchases. "Thus, the total package of financing needed for this winter is about $1.3 billion, including $500 million already available in the account," he said.