European and international financial institutions have reached an agreement with Ukraine on the reform of the Ukrainian gas sector.

The statement was made by the European Commission President José Manuel Barroso, transmits radio Freedom.

I am very pleased that it found a political agreement with Ukraine on the implementation of reforms in the gas sector, which paves the way for a package of financial assistance to Ukraine will provide the international financial institutions - said in a statement by Jean-Barroso.

According to him, the agreement should provide the stability required for a significant decrease in risk of future gas crisis between Ukraine and Russia, which for its part, will guarantee the security of gas supplies, which are awaiting EU member countries.

Jean-M.Barrozu noted that the loan Ukraine will depend on the ability of the state to implement reforms in the gas sector, in accordance with the requirements of the West.

Under the agreement, the European Bank for Reconstruction and Development is ready to give Ukraine a loan of about U.S. $ 300 million for immediate needs, and in 2010 - up to 450 million dollars as an investment.

World Bank intends to give Kiev a loan of 500 million dollars for structural reforms. In addition, the European Investment Bank is ready to give Ukraine a loan amounting to 450 million dollars for the modernization of Ukraine's gas system.

the eve of the European Commission reported that they had received letters from the prime minister Yulia Tymoshenko, which was a timetable for reforms in the gas sector. It asked the European Commission and international financial institutions in order to resolve the issue of granting credit Kiev.

In June

Ukraine appealed to Russia and the European Union to provide a loan of $ 4.2 billion dollars for the injection of gas into underground storage to ensure reliable transit to the EU during the winter months.

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