The European Bank for Reconstruction and Development (EBRD) and the Government of Norway have joined forces to assist Ukraine’s state-owned gas company, Naftogaz (NAK), so it can supply energy to Ukrainian customers during the winter and beyond.
Norway, a founding member of the EBRD, has agreed to provide a NOK 2 billion (€195 million equivalent) grant to top up a €300 million EBRD loan to NAK.
The contribution will help NAK acquire gas for two annual gas purchase and supply cycles. This will secure heating in households, schools and offices, produce electricity and keep the economy running.
“Helping Ukraine through the winter by supplying gas is of critical importance. Russia uses energy as a weapon in this senseless war with grave humanitarian and economic consequences,” said Norwegian Minister of Foreign Affairs Anniken Huitfeldt. “We are confident that EBRD is the best partner to ensure efficient, secure, and transparent facilitation of gas supplies to Ukraine.”
Find out more
News
-
EU announces €65 million pledge to support Ukraine’s school nutrition reform
-
EU boosts defence readiness with first ever financial support for common defence procurement
-
EU launches Call for EU business to invest in Ukraine’s recovery and reconstruction
-
COP29 in Baku: EU to support continued global climate action and push for ambitious finance and investment goals
-
EU and UNDP restore Serhiivskyi Lyceum in Odesa Oblast, enabling students from 12 communities to attend school in person
-
EU supports waste management project in Fastiv