The European Bank for Reconstruction and Development will provide Ukraine with €200 million to strengthen energy security

The European Bank for Reconstruction and Development (EBRD) will provide €200 million to support Naftogaz of Ukraine in creating strategic reserves of natural gas and maintaining energy security.

This was reported by the Ministry of Finance of Ukraine.

“The EBRD is a leader in supporting initiatives to ensure the stability of Ukraine’s energy sector. I am grateful for their understanding of Ukraine’s urgent needs and for making the necessary decisions. Today’s signing is an important step towards strengthening Ukraine’s energy stability in this time of war», — said the Minister of Finance of Ukraine, Serhii Marchenko.

The EBRD has been supporting Ukraine since the beginning of the full-scale invasion. As of today, the assistance has reached almost €4 billion. The Bank plans to continue investing €1.5 to €2 billion annually in Ukraine.

“The EBRD remains the largest institutional investor in Ukraine. Thanks to close cooperation with the Bank, we are implementing projects in the energy sector, providing liquidity support to key public sector enterprises, rebuilding infrastructure, and operating businesses in the private sector», — explained Serhii Marchenko.