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Russia's President Offered Ukraine A Loan

President Vladimir Putin has offered Ukraine a commercial loan to assist in the transfer to market settlements for gas

Russia's President Offered Ukraine A Loan

President Vladimir Putin has offered Ukraine a commercial loan to assist in the transfer to market settlements for gas, the Interfax news agency reported on Thursday.

?We are ready to give a commercial loan to your company, Naftogaz Ukrainy, on guarantee of a first-rank international bank, either European or American,? Putin told Ukrainian Energy Minister Ivan Plachkov and Naftogaz Ukrainy CEO Oleksiy Ivchenko.

He said the loan may reach $3.6 billion.

?That would require amendments in the recently adopted budget, but I am positive that the majority of citizens would approve of the move, and I hope that I will manage to convince deputies,? he said.

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