Brussels, 15/12/2014 (Agence Europe) - The European Bank for Reconstruction and Development (EBRD) and Ukraine signed a €150 million loan agreement in Brussels on Monday 15 December to finance the upgrade and repair of a key section of Ukraine's gas transmission system (GTS), the western part of the Urengoy-Pomary-Uzhgorod pipeline, which carries Russian gas to the European market and also allows for reverse gas flows from the EU to Ukraine.
The EBRD loan will be on-lent by the state of...