Naftogaz Ukrainy could be capitalized in 2014 by UAH 14.8 bln, says finance ministry

National joint-stock company Naftogaz Ukrainy could be capitalized in 2014 with UAH 14.8 billion of budget funds, the director of the department for debt and international financial policy at the ministry, Halyna Pakhachuk, said.

"Naftogaz Ukrainy is to pay for 2009 eurobonds [in 2014], and this [amounts to] $1.595 billion. We don't want to have problems with the payment of the large loan of our large company. Under our [Finance Ministry's] proposal, Naftogaz Ukrainy will be capitalized with UAH 14.8 billion," she said at a conference organized by Fitch Ratings in Kyiv on Thursday.

Pakhachuk said that the proposal would be reflected in the draft national budget for 2014.