EBRD lends €270 million to Naftogaz for Ukraine energy security
Ukraine, April 25 -- The European Bank for Reconstruction and Development (EBRD) is boosting energy security in Ukraine by lending €270 million to the state-owned gas entity, Naftogaz. The EBRD investment will finance emergency gas purchases for the next two heating seasons. Norway is complementing the sovereign-guaranteed loan with a €139 million grant, funded through the EBRD Crisis Response Special Fund.The EBRD has invested over €2 billion in Ukraine's energy sector since Russia invaded in 2022. EBRD energy funding helps ensure vital energy provision for millions of people and businesses, both through state-owned companies such as Naftogaz and private companies, despite months of targeted Russian attacks on energy infr...
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