"Ukrainian state oil and gas company Naftogaz is in talks to extend the repayment terms of a $2 billion loan from Gazprombank, which came due last month, the government said on Thursday.
The financially troubled Ukrainian company imports Russian gas and then sells it to domestic householders for much less under a system of state subsidies.
Naftogaz pays about $1 billion a month for gas from Russian gas export monopoly Gazprom, the main shareholder of Gazprombank. At the same time, it receives money from Gazprom for shipping its gas to Europe."
'via Blog this'
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