Oschadbank and NJSC Naftogaz Ukrainy have approved the extension of the term of the loan agreement, the debt on which is UAH 1.97 billion to December 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 September 30, 2019, about 98% of its cash and balances in bank accounts, the total amount of which amounted to UAH 24.96 billion, were placed in state-controlled banks. At the same time, these banks accounted for approximately 59% of Naftogaz’s loans with a total volume of UAH 60.79 billion the company has.
At the end of 2018, these indicators amounted to 96% of UAH 14.22 billion and 76% of UAH 56 billion, respectively.
The amount of provided government guarantees for Naftogaz’s obligations for January-September last year decreased from UAH 15.44 billion to UAH 2.91 billion.