Ukrainian Journal Ukraine Journal reported that the government plans to increase capital of state energy company, Naftogaz Ukrayiny by 8.3% to UAH 45.8 billion a move that may be aimed at rescuing the company from bankruptcy.

The government over the past two years has repeatedly resorted to injecting state capital into the company over the past two years underscoring the company’s difficulties to pay for Russian gas imports.

According to cabinet resolution No 528 of May 23 published, the shares will be paid for with 5 years and 7 year government domestic loan bonds.

(Sourced from www.ukrainianjournal.com)