Ukraine Cancels Gas Pipeline Takeover After Lender Criticism

  • Transfer to government control risks EBRD, World Bank loans
  • UkrTransGaz is currently owned by state-run Naftogaz Ukrainy

Ukraine canceled a government takeover of state gas-transportation company UkrTransGaz after an international creditor said the step raised management issues and the nation’s biggest energy company warned of risks to hundreds of millions of dollars of loans.

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