Naftogaz of Ukraine has attracted an additional €50 million from the European Investment Bank for gas imports, the company said
“Another important step to get through the winter stably. Naftogaz has attracted an additional €50 million in financing from the European Investment Bank,” Naftogaz said in a statement on Telegram on Thursday evening.
According to the statement, these funds will be used to import gas and support the energy system during peak loads, when cold weather and shelling create the greatest pressure.
It is noted that the loan was made possible thanks to the support of the European Commission.
As indicated by Naftogaz, this financing complements the EUR 300 million EIB loan and EUR 127 million in EU grant support with the participation of the Norwegian government that have already been raised.
“It is also important to note that Naftogaz has committed to reinvesting the equivalent of this amount in renewable energy projects,” the company said.
