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China is ready to allocate $3.6 bln to Ukraine in order to reduce Ukraine’s dependence on Russian gas. It was announced by Volodymyr Demchyshyn, Minister of Fuel and Energy of Ukraine.

China will credit Ukraine for $3.6 bln to implement a number of projects related to reduction of dependence on Russian natural gas.

“Our delegation has just returned from China, where we had a meeting with the representatives of the Chinese Ministry of Commerce and China Development Bank. The representatives of both organizations confirmed the readiness to open a credit line for our projects.” – said Mr. Demchyshyn.

According to the Minister, the money will be allocated for the modernization of thermal power stations, heating networks and, perhaps, for the construction of coal gasification plant in Odesa.

Source: Espreso TV