Ukraine gets 150 million euro EU loan to modernize natural gas pipelines

December 1, 2014 9:30 AM

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KIEV, Ukraine – Ukraine has secured a 150 million euro ($187 million) loan to modernize its section of the natural gas pipeline used to deliver gas from Russia to Europe.

Ukrainian Prime Minister Asreniy Yatsenyuk said Tuesday that optimization of the country's gas pipelines would lower the cost of transporting the fuel by 20 percent.

Also read: Russian Central Bank: Hackers Stole $31 Million From Correspondent Accounts

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