Naftogaz has secured a €270 million loan from the European Bank for Reconstruction and Development (EBRD) and a €140 million grant from the Norwegian government via the NORAD fund. The funds will be disbursed through the EBRD.
Roman Chumak, Acting Chairman of the Board at Naftogaz of Ukraine, and Mark Magaletsky, Deputy Director of the EBRD in Ukraine, signed the loan and grant agreements.
Naftogaz’s Acting CEO thanked the EBRD, Ukraine’s Ministry of Finance, Norway’s Ministry of Foreign Affairs, the NORAD Foundation, and the Naftogaz team for their successful cooperation in making this financing possible.
Chumak said the financing is already available and that Naftogaz is immediately using it to import gas.
"These funds are critical for Naftogaz,” he said. “They will allow us to purchase nearly 1 bcm of gas, which is essential to ensure a stable heating season amid ongoing war and repeated attacks on energy infrastructure. We are grateful to all partners supporting our preparations for next winter.”
Cooperation with international financial institutions is central to Naftogaz’s long-term strategy to diversify supply and secure Ukraine’s energy stability.
