Support OJ 
Contribute Today
En
Support OJ Contribute Today
Search mobile
Business

Naftogaz secures up to $300m US EXIM funding for Ukraine Energy Recovery

Naftogaz secures up to $300m US EXIM funding for Ukraine Energy Recovery
Article top vertical

Naftogaz Group, as part of URC 2026 in Gdańsk (Poland), has signed an agreement with the U.S. EXIM Bank that provides for the possibility of raising up to $300 million to purchase American equipment for the restoration of oil and gas infrastructure destroyed by Russia, said the head of Naftogaz of Ukraine, Serhiy Koretskyi.

“This agreement is a continuation of strategic arrangements between Ukraine and the United States regarding support for the Ukrainian energy sector and strengthening its resilience under wartime conditions,” he wrote on Facebook.

According to Koretskyi, the next stage is practical work with American companies on implementing a financial mechanism that will allow direct lending to U.S. suppliers and contractors for the purchase of equipment by Naftogaz Group companies.

“For us, this is not only access to additional financial resources. It is also an opportunity to attract modern American technologies, equipment, and expertise for the restoration and modernization of our energy infrastructure,” he said.

He noted that the Naftogaz team had been preparing the agreement for the past six months, and the final approval was reached during the visit of Prime Minister Yuliia Svyrydenko to the United States and negotiations with EXIM Bank President John Jovanovic.

Koretskyi also thanked Ukraine’s ambassador to the United States, Olha Stefanishyna, for working with American manufacturers, as well as the head of the U.S. delegation at URC 2026, U.S. Under Secretary of State for Foreign Assistance, Humanitarian Affairs, and Religious Freedom Jeremy Levin.

“I thank the Government of Ukraine, the US EXIM Bank team, American partners, and the Naftogaz team for this joint result,” Koretskyi said.

As reported, Naftogaz Group also agreed on cooperation with the International Finance Corporation (IFC) at URC 2026 to explore opportunities for attracting private investment into Ukraine.

As part of the partnership, IFC will consider providing technical and advisory support for preparing potential investment projects in the energy sector. IFC may also participate in consultations on removing key barriers that hinder the participation of international investors.

In addition, a Statement of Comprehensive Partnership was signed between the EBRD and Naftogaz of Ukraine. It defines a framework for deepening cooperation aimed at strengthening Ukraine’s energy security, resilience, and transition. The statement also focuses on ensuring reliable gas supply amid ongoing infrastructure damage, promoting market reforms and EU integration, and improving Naftogaz’s corporate governance and financial sustainability.

Share this article

Facebook Twitter LinkendIn