{"id":341502,"date":"2025-08-13T15:43:15","date_gmt":"2025-08-13T15:43:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/341502\/"},"modified":"2025-08-13T15:43:15","modified_gmt":"2025-08-13T15:43:15","slug":"ebrd-lends-e500-million-to-ukraine-gas-company-for-emergency-supplies","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/341502\/","title":{"rendered":"EBRD lends \u20ac500 million to Ukraine gas company for emergency supplies"},"content":{"rendered":"<ul>\n<li><strong>EBRD supports Ukraine\u2019s energy security with new \u20ac500 million loan to Naftogaz<\/strong><\/li>\n<li><strong>Loan to be complemented by EU guarantee<\/strong><\/li>\n<li><strong>Largest loan made by EBRD to Ukraine will help replenish gas reserves ahead of the winter season<\/strong><\/li>\n<\/ul>\n<p>The European Bank for Reconstruction and Development (EBRD) is supporting <a href=\"https:\/\/www.ebrd.com\/home\/what-we-do\/where-we-invest\/ukraine.html\" target=\"_blank\" rel=\"noopener\">Ukraine\u2019s<\/a> energy security, which has been weakened by repeated targeted attacks by Russia this year, by lending \u20ac500 million to gas company <a href=\"https:\/\/www.naftogaz.com\/en\" target=\"_blank\" rel=\"noopener\">Naftogaz<\/a> (NAK) to finance emergency gas purchases. This is the Bank\u2019s largest single loan facility in Ukraine.<\/p>\n<p>The EBRD\u2019s revolving loan is supported by an <a href=\"https:\/\/www.ebrd.com\/home\/who-we-are\/our-organisation\/shareholders\/european-union.html\" target=\"_blank\" rel=\"noopener\">EU<\/a> guarantee covering 90 per cent of the loan amount under its <a href=\"https:\/\/www.ebrd.com\/home\/news-and-events\/news\/2025\/Ukraine%20Investment%20Framework\" target=\"_blank\" rel=\"noopener\">Ukraine Investment Framework<\/a>, dedicated to unlocking financing for Ukraine\u2019s recovery and long-term growth.<\/p>\n<p>The latest EBRD finance to Naftogaz follows major Russian attacks on the company\u2019s upstream gas production and processing facilities in the first half of 2025. These have resulted in significant production losses for the year, as the company rebuilds its damaged operations, and created the need for more gas imports.<\/p>\n<p>This is the fourth finance package the EBRD has provided for Naftogaz since Russia launched its full-scale war on Ukraine in 2022. It brings the total Bank financing to Naftogaz to \u20ac1.6 billion, including \u20ac1.27 billion in EBRD loans and \u20ac330 million (NOK 3.63 billion) in grants provided by <a href=\"https:\/\/www.ebrd.com\/home\/who-we-are\/our-organisation\/shareholders\/norway.html\" target=\"_blank\" rel=\"noopener\">Norway<\/a> via EBRD.<\/p>\n<p>The transaction will also support the reform objectives of previous EBRD engagement, with Naftogaz working towards the integration of the Ukrainian gas market with that of the EU. Naftogaz will source natural gas competitively from 30 pre-qualified gas suppliers with contracts based on standards of the European Federation of Energy Traders.<\/p>\n<p>The EBRD is Ukraine\u2019s largest institutional investor and has deployed more than \u20ac8 billion there since the start of the war. Its five investment priorities in Ukraine are support for energy security, vital infrastructure, food security, trade and the private sector.<\/p>\n<p>The Ukraine Investment Framework is part of the \u20ac50 billion EU\u2019s Ukraine Facility designed to attract public and private investments for the recovery and reconstruction of Ukraine. It is endowed with financial instruments totalling \u20ac9.3 billion, with \u20ac7.8 billion in loan guarantees and \u20ac1.5 billion in blended finance. The aim of the Ukraine Investment Framework is to mobilise \u20ac40 billion of investments for the recovery, reconstruction, and modernisation.<\/p>\n","protected":false},"excerpt":{"rendered":"EBRD supports Ukraine\u2019s energy security with new \u20ac500 million loan to Naftogaz Loan to be complemented by EU&hellip;\n","protected":false},"author":2,"featured_media":341503,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7654],"tags":[35,2000,299,657],"class_list":{"0":"post-341502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ukraine","8":"tag-energy","9":"tag-eu","10":"tag-europe","11":"tag-ukraine"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115022227315882720","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=341502"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/341502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/341503"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=341502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=341502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=341502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}