Ukraine will receive EUR 200 million from the European Bank for Reconstruction and Development (EBRD) to support the Naftogaz of Ukraine in creating strategic reserves of natural gas and supporting energy security.
This follows from a statement by the Ministry of Finance, the Ukrainian News agency reports.
"The EBRD is a leader in supporting initiatives to ensure the stability of the functioning of Ukraine's energy sector. I am grateful for understanding Ukraine's urgent needs and making the necessary decisions. Today's signing is an important step to strengthen Ukraine's energy stability in wartime conditions," noted Minister of Finance Serhii Marchenko.
It is noted that since the beginning of the full-scale invasion, the EBRD assistance in all directions has reached almost EUR 4 billion.
"The bank has significantly increased its financing of Ukraine since russia launched a full-scale war and intends to continue investing EUR 1.5 to 2 billion annually in Ukraine," the report said.
As the Ukrainian News agency earlier reported, the EBRD will provide the Ukrzaliznytsia joint-stock company with a loan of EUR 300 million for the purchase of electric locomotives.
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