One of the largest chains of gas stations in Ukraine has attracted a €25M loan from the Black Sea Trade and Development Bank.

The OKKO gas station network and BSTDB agreed to open a revolving credit line of up to €25M. The money will be used to purchase petroleum products, including in the countries from the Black Sea region – Romania, Bulgaria, Greece, and Turkey. Last year, the company imported more than 30% of its gasoline and diesel fuel from these countries.

“We hope that the agreement between OKKO and BSTDB will signal other external donors to support those Ukrainian businesses that continue to work effectively with loans,” noted OKKO director Vasyl Danylyak.

BSTDB President Serhat Köksal stated that in this way, the bank supports the company in its efforts to continue operating and to develop alternative logistic methods of delivering light oil products to Ukraine.