EU lending Ukraine EUR 308 m for gas pipeline reconstruction

12:37, 05.02.2013 1 min read

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.