Ukraine plans to borrow $1 billion to buy gas, fuel oil for reserves


  • World
  • Saturday, 14 Feb 2015

KIEV (Reuters) - Ukraine plans to borrow $1 billion (649 million pounds) to establish a strategic reserve of natural gas and fuel oil to cover local needs in emergency situations, Prime Minister Arseny Yatseniuk said on Saturday.

"The government has adopted a decision to establish reserves of gas and fuel oil worth $1 billion via borrowing under state guarantees," Yatseniuk told a government meeting.

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