Norway provides NOK 2B in grants to Ukraine’s Naftogaz via the EBRD.
The European Bank for Reconstruction and Development (EBRD) and the Norwegian government have joined forces to assist Ukraine’s state-owned gas company, Naftogaz Ukraine, to supply energy to Ukrainian customers during the winter and beyond. Norway, a founding member of the EBRD and robust donor partner, has agreed to provide a NOK 2B (€195M) grant on top of a €300M EBRD loan to Naftogaz. It is part of a NOK 10B ($976M) package that the Norwegian government has allocated for Ukraine in 2022 and 2023. The contribution will help Naftogaz financially to manage two annual gas purchases and supply cycles. This will secure heating in households, schools, and offices, produce electricity and keep the economy running.