SOFIA: The head of one of Ukraine's largest creditors, the European Bank for Reconstruction and Development, urged Ukraine on Monday to reverse changes that have moved control of its natural gas transport firm to the country's economy ministry.
While Ukraine's international lenders have long been calling for state run Naftogaz to be broken up, Kiev's recent decision to move the Ukrtransgaz transportation operations under the economy ministry has them left them dismayed.
"We have been talking to the government about how to make sure such decisions are taken properly and maybe in this case to actually, we think, re-think this decision because it would affect investors like us and the World bank and others as well," EBRD president Suma Chakrabarti told Reuters in an interview. The government was now looking at the issue he added.
"We want to find a solution to this problem because it does affect not just the image of financing this project, but immediately affects how investors look at Ukraine," Chakrabarti said.
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