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9 October, 2013 15:04   ▪  

Putin talks about help to “Ukrainian friends” with a USD 750mn loan and a discount for gas

Russian banks issue a USD 750mn loan to Ukraine while Gazprom sells gas to stock up Ukraine’s underground storage facilities for the winter at a discount price of USD 260 per 1,000 cu m, Vladimir Putin says at the Asia-Pacific Economic Cooperation (APEC) summit press-conference

“Although the discussion about Ukraine’s possible signing (of the Association Agreement with the EU – Ed.) is heated and emotional, our banks issued yet another loan, USD 750mn, for Ukraine ten days ago – of course I was aware of it. Gazprom helped Ukraine pump the necessary gas into its gas storage facilities with a discount, for USD 260 per 1,000 cu m. The Russian leadership was aware of this as well,” Putin said.

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He mentioned that Ukraine had just recently been paying nearly USD 400 per 1,000 cu m for Russia gas. The current price is USD 380-390.

“We’ve made a discount, Gazprom has made a discount for pumping gas into the underground storage facilities. This means that we are cooperating, helping our Ukrainian partners, our friends,” Putin said.

On October 1, Haftogaz Ukraine negotiated the extension of the USD 2bn loan from the Russian Gazprombank.

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