You're reading: Wall Street Journal: Ukraine is told it needs less to fund gas

The European Union and international lenders told Ukraine's state gas company, Naftogaz, it needs only half the financing it has demanded to avoid a further European gas-supply crisis this winter.At a meeting in Brussels, the EU and international financial institutions told Naftogaz executives they believe Ukraine needs $2 billion to fund its gas purchases, rather than the $4.2 billion the company said earlier this month was required, according to two people familiar with the talks.

Ukraine Is Told It Needs Less to Fund Gas