Ukraine suspended a government takeover of state gas-transportation company UkrTransGaz after an international creditor said the step raised management issues and the nation's biggest energy company warned of risks to hundreds of millions of dollars of loans.
A decision has been deferred pending consultations with all parties, Deputy Prime Minister Stepan Kubiv told lawmakers. Discussions will include the company’s current owner Naftogaz Ukrainy, which has warned that transferring oversight to the Economy Ministry violates a $300 million gas-purchase loan pact with the European Bank of Reconstruction and Development and endangers a planned $500 million credit from the World Bank.
