Parliament passes bill on government guarantees to buy gas worth $700 mln in EU

14:15, 27.01.2016 1 min read

The Ukrainian parliament has passed bill No. 3388 on the stabilization (reserve) energy fund.

A total of 228 parliamentarians backed the decision on Tuesday.

"The bill proposes that the provision of the Budget Code are expanded with a requirement which would allow providing… government guarantees to form the stabilization (reserve) energy fund," the explanatory note to the document reads.

The adoption of the bill would allow attracting $700 million from the World Bank to buy gas in the European Union (EU).