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Naftogaz ?€?Will Repay' $1.6Bln Loan

Ukrainian authorities on Wednesday sought to reassure investors that the state energy company Naftogaz will not default on its $1.6 billion loan and will be able to restructure the debt, news reports said.

“We are meeting all the deadlines, an agreement will be reached,” Fuel and Energy Minister Yury Prodan told reporters, according to the Unian news agency. “There won’t be any default.”

(AP)


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