The EBRD will bolster Ukraine’s energy security with up to €300M for Naftogaz.
The European Bank for Reconstruction and Development (EBRD) will lend up to €300M to help Ukraine’s gas company Naftogaz compensate for the loss of natural gas production following the invasion of Ukraine. Naftogaz will use the initial €50M tranche disbursed by the EBRD for emergency gas purchases, which are urgently needed to prepare Ukraine’s gas system for the next heating season. The company plans to raise a total of €1B to buy up to one billion cubic meters of gas,