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China proceeds to credit Naftogaz

China proceeds to credit NaftogazSum of the announced credit is $3,65bln.

China agreed to continue crediting National Joint Stock Company "Naftogaz " to the end of 2017, according to "Naftogaz" press-office.

The decision was taken during a protocol meeting on trade and economic cooperation between China and Ukraine .

Press-office reports: "The funds under the loan agreement between NJSK "Naftogaz Ukraine" and the State Development Bank of China amounted to $3.65bln will be available for use until 25.12.2017 year."

The extension of the loan availability period will allow Ukraine not to lose the opportunity to use the "prolonged" and competitively priced funds for the modernization of the energy industry and must be sufficient to come to a unilateral position on the use of these funds among all Ukrainian agencies, according to the agency officials.

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