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Naftogaz takes $200 mln loan to repay gas debt

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KIEV, June 14 (RIA Novosti) - Naftogaz, Ukraine's national oil and gas company, secured a loan to repay its $600 million debt to trading company RosUkrEnergo, the country's fuel and energy minister said Wednesday.

Rosukrenergo, a Russian-Swiss joint venture and the sole supplier of Russian and Central Asian gas to Ukraine, was the key company in a deal to end a bitter price row early this year between Ukraine and Russia.

"Naftogaz has secured the first tranche of the $200 million loan to repay its debt to RosUkrEnergo," Ivan Plachkov said. "I think the money has already been transferred."

Plachkov said Naftogaz was planning to secure another loan worth $300 million. He also said Naftogaz and RosUkrEnergo had agreed on restructuring older debts worth $100 million.

The minister said Naftogaz' total debt for natural gas stood at $700 million.

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