EIB supports Ukraine's energy security with €300 million loan to Naftogaz
Ukraine, Oct. 1 -- The European Investment Bank (EIB), the bank of the European Union, has signed a landmark €300 million loan agreement with Ukraine's state-owned energy utility, Naftogaz. This financing is an urgent measure to support the resilience of the energy sector and help replenish the country's long-term gas reserves ahead of winter. It will secure energy supply for households and businesses, following damage to Ukrainian infrastructure caused by Russia's ongoing attacks. As part of the operation, Naftogaz pledges to reinvest an amount equivalent to the EIB loan into renewable energy and decarbonisation projects. The EIB is also already supporting this effort with technical assistance to help the company move forward with it...
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