KIEV, Oct. 21 – A $500 million loan from Citibank and Deutsche Bank guaranteed by the World Bank will be sent to cover cash gaps of Naftogaz Ukrayiny, Naftogaz Chairman Andriy Kobolev said.

"It [the loan] will be first used to cover cash gaps of Naftogaz caused, for example, by the decisions that we will receive the money for heat in installments from Ukrainian consumers," he said on Channel 5 TV.