Oschadbank and NJSC Naftogaz Ukrainy have approved the extension of the term of the loan agreement, the debt on which is Hr 1.97 billion to Dec. 24, 2024, while the loan agreement was to expire on June 9, 2020, according to an explanatory note to the draft government resolution available at Interfax-Ukraine.
The Cabinet of Ministers, which had previously provided government guarantees for this loan, agreed on such a prolongation at a meeting held on Wednesday, MP Oleksiy Honcharenko said in his Telegram channel.
According to the Naftogaz report, as of Sept. 30, 2019, about 98 percent of its cash and balances in bank accounts, the total amount of which amounted to Hr 24.96 billion, were placed in state-controlled banks. At the same time, these banks accounted for approximately 59 percent of Naftogaz’s loans with a total volume of Hr 60.79 billion the company has.
At the end of 2018, these indicators amounted to 96 percent of Hr 14.22 billion and 76 percent of Hr 56 billion, respectively.
The amount of provided government guarantees for Naftogaz’s obligations for January-September last year decreased from Hr 15.44 billion to Hr 2.91 billion.
