EU Development Bank Boosts Funding for Ukraine Gas Supply

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The European Investment Bank is increasing its financial support for Ukraine's Naftogaz to enhance natural gas supply security in light of ongoing Russian aggression against Ukraine's energy infrastructure. This includes a recent grant of $147 million, building on a previous loan of $348 million, indicating strong EU commitment to Ukraine's energy resilience.

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The European Union’s development bank has decided to provide additional funds to Ukraine’s state energy firm Naftogaz to secure natural gas supply amid continued Russian attacks on the Ukrainian energy infrastructure. The European Investment Bank (EIB), the bank of the European Union, will extend a $147-million (127 million euros) grant to Naftogaz, according to an EIB statement carried by Reuters. Last month, the EIB extended a loan of $348 million (300 million euros) to Naftogaz in an urgent measure to strengthen energy…

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