Naftogaz says it needs to raise $1 billion to buy gas for this winter.

Naftogaz says it needs to raise $1 billion to buy gas for this winter. Signaling to the international bond market that the company is in ready to go to the Eurobond market, Andriy Kobolyev, the company CEO, announces that the company recently completed payments on a $500 million 2016 World Bank loan. “The loan portfolio of Naftogaz has decreased 6.6 times since 2014 and is a record low,” he tells the state company’s press office. “For us, further cooperation with creditors is important.”