KIEV, May 27 - Ukraine will need funding of more than $1 billion to form stabilization reserves of oil and fuel as provided in the framework of implementing the 2009 European directive, representative of the Energy Community Secretariat Adrian Jasimi said.

"The total amount of funds needed to build oil and petroleum products reserves in Ukraine is about $1.05 billion, or UAH 25 billion," he said at a round table on the creation of petroleum stocks in Ukraine in Kiev.