The EBRD provides €200M to strengthen Ukraine’s energy security and will help increase the number of Ukrainian projects that are ready to attract foreign investment.

€200M from EBRD will support Naftogaz of Ukraine in creating strategic reserves of natural gas and supporting energy security. The corresponding guarantee agreement was signed by the Minister of Finance of Ukraine, Serhiy Marchenko, and the Managing Director of the EBRD for Ukraine and Moldova, Arvid Tuerkner.

Simultaneously, the Ministry of Economy and the EBRD discussed cooperation priorities, initiatives to stimulate investment attraction in Ukraine, and opportunities to expand the bank’s portfolio in the energy sector.

“Among the key directions of cooperation are strengthening work on military risk insurance, increasing the variety of available financial instruments, and attracting international investment to Ukraine,” the Ministry of Economy emphasized.

The parties discussed cooperation in creating a project preparation facility to increase the number of projects that can attract financing from foreign investors. This will increase the number of available projects, including funding from the EBRD and other IFIs that have already become partners in the Ukraine Facility program.