EIB provides an additional €50 million to Naftogaz to keep Ukraine's energy system resilient through winter
Ukraine, Jan. 29 -- The European Investment Bank (EIB), the bank of the European Union, has signed long-term financing of €50 million with Ukraine's state-owned energy utility, Naftogaz as an urgent winter response to sustain the country's energy system by importing natural gas.The funds will help safeguard heating and energy supply for households, critical services and businesses as temperatures drop sharply across Ukraine and pressure on the energy system increases amid continued attacks on energy infrastructure.This operation builds on the EIB's earlier €300 million loan to Naftogaz, as well as the broader €127 million EU grant support for gas procurement enabled by the Government of Norway through its Ukraine Investmen...
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