NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

By bne IntelliNews March 22, 2013
The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, purchase of smaller quantities of natural gas, and the timely repayment of loans. The company did not provide any further details. Naftogaz reduced the purchase of natural gas from the Gazprom by 44% y/y to about 2.84bn m3 in Jan-Feb. Naftogaz of Ukraine imported 24.9bn m3 of natural gas from Russia in 2012, compared with 40bn m3 in 2011. Naftogazs debt to State Savings Bank amounted to UAH 20.3bn as of January 2013.

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