Poland to lend Ukraine €100 mln and sell LNG

Poland will establish a special credit line for Ukraine amounting up to €100 million in a 10 year period, and will sell LNG from Świnoujscie terminal via an interconnector, the press informed. Prime Minister, Ewa Kopacz met on Monday with her Ukrainian counterpart Arseniy Yatsenyuk to discuss Polish support for Ukraine. “As much as €100 million in 10 years. This is a substantive support for small and medium business in Ukraine, this is a huge support for the whole Ukrainian economy,” Yatsenyuk said. PM Kopacz claimed that the credit line is a form of a “tied aid” and Ukraine is interested in pursuing reforms as well. Poland, therefore is ready to cooperate and share its experience in implementing crucial reforms. What is more, Polish Gaz-System and Ukrainian Naftohaz signed a deal regarding construction of the interconnector in order to distribute gas from the Świniujście LNG terminal. “I would like to underline that this is not the Russian gas reverse but distribution from terminals LNG in Świnoujście and Kłajpeda,” Yatsenyuk pointed out. The annual capacity is to be 10 billion sqm, he added. There was a Euro-Asian energy corridor matter on the table, but “the details shall be discussed at a bilateral economic commission sitting”, Ukrainian PM said in addition. Ewa Kopacz arrived to Ukraine on Monday. It is the first visit of the Polish PM to Ukraine since 2011.