{"id":343327,"date":"2021-07-07T09:18:18","date_gmt":"2021-07-07T06:18:18","guid":{"rendered":"https:\/\/eba.com.ua\/?p=343327"},"modified":"2021-07-07T14:39:04","modified_gmt":"2021-07-07T11:39:04","slug":"kinstellar-advises-ebrd-on-a-eur-10-million-credit-facility-for-eru-trading-a-leading-ukrainian-privately-owned-gas-trader","status":"publish","type":"post","link":"https:\/\/eba.com.ua\/en\/kinstellar-advises-ebrd-on-a-eur-10-million-credit-facility-for-eru-trading-a-leading-ukrainian-privately-owned-gas-trader\/","title":{"rendered":"[:en]Kinstellar advises EBRD on a EUR 10 million credit facility for ERU Trading, a leading Ukrainian privately owned gas trader[:]"},"content":{"rendered":"<p><\/p>\n<p><strong>July 2021<\/strong>\u00a0\u2013<strong>\u00a0<\/strong>Kinstellar\u2019s Kyiv office has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development in connection with a EUR 10 million revolving credit facility for ERU Trading LLC, a leading privately owned gas trader in Ukraine, for the financing of its working capital needs. Among other matters, Kinstellar&#8217;s team has extensively advised the Bank on regulatory matters related to the storage of natural gas in Ukraine and on the creation of security over the natural gas in storage.<\/p>\n<p><strong>Matteo Patrone<\/strong>, Managing Director, Eastern Europe and the Caucasus (EEC) at the EBRD, comments on the signing of the loan agreement between the EBRD and ERU Trading: \u201c<em>By supporting a privately owned gas trader, we are supporting the further liberalisation of Ukraine\u2019s energy market, greater competition and security of supply. Private gas trade also promotes greater utilisation and integration of Ukraine\u2019s transportation and storage infrastructure with the EU gas market.<\/em>\u201d<\/p>\n<p>Kinstellar\u2019s team was led by <strong>Andriy Nikiforov<\/strong> (Counsel, Banking\u00a0&amp;\u00a0Finance) and also included <strong>Olena Kuchynska<\/strong> (Co-Managing Partner, Energy), <strong>Anna Makedonska<\/strong> (Senior Associate, Banking\u00a0&amp;\u00a0Finance) and <strong>Oleksandr Plachynta\u00a0<\/strong>(Associate, Energy, Dispute Resolution).<\/p>\n<p>The EBRD is the largest institutional investor in\u00a0Ukraine.\u00a0In the past two years alone, the Bank has committed EUR 2 billion to the economy. Investments are combined with support for policies that promote the fight against corruption, good governance of state-owned enterprises, structural\u00a0reforms\u00a0and a more transparent business environment.<\/p>\n<p>ERU Trading is the largest private importer of natural gas to Ukraine from Hungary, Slovakia and Poland. The company secures low cost gas from the European Union during the summer season and stores gas in Ukraine for domestic sale in winter.<\/p>\n<p>For more information please contact\u00a0<strong>Andriy Nikiforov<\/strong>, Counsel, at\u00a0<a href=\"https:\/\/www.kinstellar.com\/locations\/news-deals-insights\/detail\/kyiv-ukraine\/1013\/kinstellar-advises-deg-on-a-usd-20-million-credit-facility-for-nibulon-a-leading-exporter-logistics-and-shipbuilding-company-in-ukraine\">andriy.nikiforov@kinstellar.com<\/a>.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>July 2021\u00a0\u2013\u00a0Kinstellar\u2019s Kyiv office has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development in connection with a EUR 10 million revolving credit facility for ERU Trading LLC, a leading privately owned gas trader in Ukraine, for the financing of its working capital needs. Among other matters, Kinstellar&#8217;s team has extensively [&hellip;]<\/p>\n","protected":false},"author":4489,"featured_media":343333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[24,23],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kinstellar advises EBRD on a EUR 10 million credit facility for ERU Trading, a leading Ukrainian privately owned gas trader - European Business Association<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eba.com.ua\/kinstellar-advises-ebrd-on-a-eur-10-million-credit-facility-for-eru-trading-a-leading-ukrainian-privately-owned-gas-trader\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kinstellar advises EBRD on a EUR 10 million credit facility for ERU Trading, a leading Ukrainian privately owned gas trader - European Business Association\" \/>\n<meta property=\"og:description\" content=\"July 2021\u00a0\u2013\u00a0Kinstellar\u2019s Kyiv office has acted as Ukrainian legal counsel to the European Bank for Reconstruction and Development in connection with a EUR 10 million revolving credit facility for ERU Trading LLC, a leading privately owned gas trader in Ukraine, for the financing of its working capital needs. 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