EBRD alarmed about info on transfer of Ukrtransgaz to economy ministry management

12:55, 16.09.2016 1 min read

Information in media reports about the change of the regulations of national joint-stock company Naftogaz Ukrainy by Ukraine's Economic Development and Trade Ministry and the transfer of its subsidiary – public joint-stock company Ukrtransgaz – to the management of the ministry is a serious reason for alarm, European Bank for Reconstruction and Development (EBRD) Senior Communications Adviser Anton Usov has told Interfax-Ukraine.

"We expect that our partners [Ukraine] would fully meet its liabilities on corporate restructuring of Naftogaz Ukrainy agreed earlier," Usov said.

He said that the EBRD, one of the key creditors of Naftogaz, learnt about this situation from media. The bank is trying to study the situation.

"If our fears are confirmed, this is a very serious event," he said.