Purpose of USD 4 bln loan from Russia clarified by officials

Sergiy Lyovochkin, head of the President’s administration said at a press-conference yesterday that Ukraine had received two USD 2 bln loans from Russian VTB (USD 4 bln in total). One the loans has been directed to the state budget for financing current needs (apparently this is this loan that chief advisor to the NBU Head Valeriy Litvitskiy referred to last week, reporting about the NBU FX reserves increase by USD 2 bln). The other loan is to Energoatom for infrastructure project at Khmelnitskyi nuclear power plant.