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IMF confirms Naftogaz met all conditions to receive assistance

During a recent visit to the United States by Naftogaz’s CEO Oleksiy Chernyshov, International Monetary Fund (IMF) confirmed that the state-owned energy group has met all the conditions set out in a recent agreement with the Ukrainian government on extended financial assistance. 

Naftogaz Group will continue to fulfil its obligations to the IMF said Mr Chernyshov on April 20, noting that successful and consistent cooperation with the international bank is crucial for Ukraine’s resilience during the war.

“Cooperation with the IMF is crucial for the stability of our country in times of war. The fact that we have a program is a signal to the civilised world that the country is moving in the right direction. Ukraine has made its civilisational choice. Naftogaz has fulfilled its part of the conditions for our country to receive the IMF program. This demonstrates that we are a reliable partner. Naftogaz will not let the country down,” Mr Chernyshov said.

During his visit, the Naftogaz CEO held a meeting with Gavin Gray, Head of the IMF Mission to Ukraine. During the meeting, both parties discussed the terms of the assistance program to ensure stable disbursement of funds.

“I am pleased that our team is contributing to successful and consistent cooperation between our country and the IMF. Naftogaz will remain a reliable partner for the IMF,” Naftogaz’s CEO added.

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