Norway is providing an additional NOK1 billion ($95 million) to finance gas imports to Ukraine to ensure adequate supplies for households, businesses and industry in the country, the Norwegian government said on Wednesday.
“A more secure energy supply is essential for Ukraine’s resilience. This was one of the topics discussed during President Zelensky’s visit to Norway last week. There is an urgent need to increase funding for gas imports to provide electricity and heating for homes, businesses and public institutions. Norway is doing its part to meet this need,” said Prime Minister Jonas Gahr Støre.
The new financing will be channelled through the European Bank for Reconstruction and Development (EBRD) and will be used to purchase gas from Western sources. The recipient of the gas will be the Ukrainian state-owned company Naftogaz. The imported gas will be used to meet consumption needs and increase gas reserves in case of further attacks on gas infrastructure. The financing is provided under the Nansen Support Program for Ukraine, and NOK1 billion is taken from the 2025 energy sector allocation for Ukraine.
“Access to electricity is essential to ensure the security of the Ukrainian people and to ensure the continued functioning of society. The attacks on Ukraine’s energy supply are and have been an attack on the very core of Ukrainian society. They are part of an attempt to weaken the Ukrainian economy and undermine the confidence of the Ukrainian people in their government. That is why it is crucial and strategic to help preserve access to gas,” said Foreign Minister Espen Barth Eide, who is visiting Ukraine this week.
The additional allocation will bring Norway’s total contribution to Ukraine’s gas purchases from 2022 to NOK3.6 billion ($342 million). In 2023, NOK635 million was allocated for gas purchases. The funds have already been released and can be used to increase the total contribution. Thus, the total amount of the agreement is NOK1.635 billion ($155 million).
“We don’t know yet how much gas Ukraine will need to import this year, but Norway’s contribution will enable Ukraine to better cope with the consequences of new attacks from Russia and make the necessary preparations for next winter,” Eide said.
The EBRD has been cooperating with Naftogaz for several years, in particular on corporate governance. Channelling funds through the EBRD helps to reduce risks, such as the risk of corruption and financial irregularities, the statement said.
As reported, Ukrainian Prime Minister Denys Shmyhal on Wednesday discussed joint humanitarian programs and sanctions against Russia with Norwegian Foreign Minister Espen Barth Eide and Norwegian Minister of Labor and Social Inclusion Tonje Brenna. The prime minister also thanked Norway for its assistance in the energy sector, in particular for its readiness to make a EUR140 million contribution through the EBRD for the purchase of gas for Ukrainian gas storage facilities.
Ukraine needs to import 4.5-4.6 billion cubic meters of natural gas by November 1 of this year before the start of the next heating season.
This was announced by Dmytro Abramovich, a member of the Board and Commercial Director of Naftogaz Group, at a meeting of the Verkhovna Rada Committee on Energy, Housing and Utilities on Wednesday.
“Naftogaz is already contracting for April, May and the following months, we are not stopping, realizing that by November 1 of this year, if we want to reach the balance sheet indicators comparable to last year, we need 4.5-4.6 billion cubic meters of gas,” he said.
According to the commercial director, Naftogaz has already imported almost 800 million cubic meters of gas in February-March this year.
“This is a technological import, because it cannot be said to be for final consumption – another resource is commercially consumed – but this resource was necessary for balancing the system and daily withdrawal,” Abramovich explained.
According to the company, Ukrainian consumers consumed 14.86 billion cubic meters during the heating period in November-March 2024-25, while the balance plan of the Ministry of Energy of Ukraine was 14.73 billion cubic meters. At the same time, the level of consumption was 680 million cubic meters or 5% higher than in the same period in 2023-24.
According to the commercial director, during the last heating season, Ukraine also lost 700 million cubic meters of its own gas production as a result of Russian shelling.
“We lost almost 700 million cubic meters of gas during the heating season for obvious reasons. Until February 1, we were doing better than planned according to the country’s balance sheet, but the shelling happened and we lost a very large part of production,” he said.
According to Abramovich, Ukraine is also planning to reach 500 million cubic meters less gas reserves in underground gas storage facilities (UGS) during the current heating season than planned in the balance sheet.
At the same time, gas consumption in 2025 in the country will be comparable to last year and will amount to 20.6-20.8 billion cubic meters.
“We see this in the trend, in the current consumption dynamics, so the main task is to work on energy saving and on the restoration of production and continue imports,” summarized the commercial director.
As reported with reference to Prime Minister Denys Shmyhal, the European Bank for Reconstruction and Development (EBRD) on Wednesday approved a loan for Naftogaz of Ukraine for the purchase of natural gas for the next two heating seasons in the amount of up to EUR270 million. Additionally, about EUR140 million in grants from the Norwegian government will be channelled through the EBRD.
According to Shmyhal, this resource will help Ukraine accumulate gas reserves in underground storage facilities for the next heating season.
In January-February 2025, Ukraine increased imports of aluminum and aluminum products by 23.4% to $74.56 million. In February alone, aluminum imports amounted to $37.9 million. At the same time, exports of aluminum and aluminum products increased by 27.8% to $19.9 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.
In January-February 2025, Ukrainian companies increased imports of copper and copper products by 4% compared to the same period of 2024 – up to $30.277 million.
According to customs statistics, copper exports increased by 31.3% to $14.305 million in the period under review. In February, copper was imported for $16.462 million and exported for $7.354 million.
Copper is widely used in electrical engineering, pipe manufacturing, alloys, medicine and other industries.
In 2024, Ukraine imported seeds of mainly grains and oilseeds mainly from the European Union, most of them were imported of hybrid corn, and the purchase of rapeseed was also increased, the press service of the National Research Center Institute of Agrarian Economics reports.
“Ukraine has purchased seeds of grains and oilseeds, sugar beets and vegetables abroad for $381.3 million. At the same time, the vast majority of supplies – 52.5% – were made last year by the EU member states. They sold more than $200 million worth of seeds to domestic farmers. The share of the United States of America is 19.0%, and the volume of imports from this country amounted to $72.6 million,” the report says.
In the structure of grain seeds imports to Ukraine in 2024, hybrid corn accounted for 95.8%, or 7.6 thsd tonnes. Ukraine purchased 0.7 thsd tonnes of seed wheat, 0.3 thsd tonnes of barley, 42 thsd tonnes of rye, and 32 thsd tonnes of sorghum. The main suppliers were France, Germany, the Czech Republic, Denmark, and Italy.
The share of sunflower seeds in the imports of oilseeds is 81.5% (17.4 thsd tonnes), while 4.1 thsd tonnes of rapeseed and 0.7 thsd tonnes of soybeans were also purchased. The purchase of seeds of grains and oilseeds accounts for about 80% of domestic imports, where sunflower seeds account for 55% of its value, which last year amounted to $211.1 million.
In addition, Ukraine purchased more than three quarters of sunflower seeds from the US – 5.5 thsd tonnes for $72.5 mln (34.3%) and Turkey – 7.9 thsd tonnes for $85.7 mln (40.6%). Smaller volumes of sunflower seeds came from France – 1.9 thsd tonnes worth $24.8 mln (11.7%), Italy – 0.6 thsd tonnes worth $4.7 mln (2.2%) and Hungary – 0.4 thsd tonnes worth $5.0 mln (2.4%).
Only one tenth of the total amount of seed purchases – $41.4 mln – was spent on corn, the main suppliers of which were France – 2.7 thsd tonnes ($19.0 mln). tons for $19.8 million (47.8%), Romania – 1.7 thousand tons for $6.4 million (15.5%), Austria – 1.6 thousand tons for $7.5 million (18.1%), and Hungary – 1.1 thousand tons for $3.9 million (9.5%), as well as Germany (68 tons for $1 million) and Italy (131 tons for $0.4 million).
As for soybeans, the country imported the seeds worth $2.9 mln from Canada (270 tons – 38% of soybean imports), Austria (186 tons), Romania (119 tons) and France (89 tons).
The purchases of rapeseed in 2024 increased compared to the previous year to $45.2 mln. The main suppliers were Germany – 1.7 thsd tonnes for $17.6 mln (38.9%), France – 1.1 thsd tonnes for $12.4 mln (27.4%), Spain – 0.9 thsd tonnes for $11.7 mln (25.9%), and for the first time New Zealand, which supplied 209 thsd tonnes for $1.9 mln.
In addition, the volume of purchases of seeds of niche crops, including sorghum, flax, hemp and mustard, is increasing. The main suppliers are EU countries, including France, Germany and Denmark.
“The possibility of obtaining seeds from the world’s leading countries allows national breeding and seed production to compete freely abroad, which improves their further prospects for development and entry into the markets of Europe and America,” the Institute of Agrarian Economics summarized.
In 2024, Ukraine increased its total imports of seeds of grains and oilseeds, sugar beets and vegetables to $381.3 million, which is 3.2% more than a year earlier, the press service of the National Research Center Institute of Agrarian Economics (IAE) reported.
According to the report, in 2024 Ukraine imported 8.6 thousand tons of grain seeds and 22.2 thousand tons of oilseeds totaling $302.3 million. Scientists noted that compared to 2023, the cost of imports of these crops decreased by 3.8%, but it is almost 2.5 times higher than domestic exports of seeds, which amounted to $122.6 million.
In addition, sugar beet seeds worth $50.1 million and vegetable seeds worth almost $28.9 million were purchased abroad.
“The volume of purchases of foreign-bred seeds of grains and oilseeds has been gradually decreasing since 2022, while imports of sugar beet and vegetable seeds have been on the rise for three consecutive years,” the scientists emphasized.
According to their information, in 2023, 727 tons of sugar beet seeds were imported for the amount of $32.8 million, and last year the volume of purchases of this type of agricultural products increased by 52.7% and amounted to almost 973 tons. At the same time, the price of sugar beet seeds in 2024 increased to $51493 per ton compared to $45117 per ton a year earlier.
According to the IAEA, the volume of imported seeds fully covers the needs of domestic farmers, as it will allow to allocate more than 300 thsd ha of farmland for sugar beet in 2025. For comparison, in 2023-2024, the area under sugar beet was 220-250 thousand hectares.
In addition, the value of imported vegetable seeds increased by 27.3% last year compared to the previous year and amounted to $28.9 mln. In physical terms, purchases increased by 17.2% to 945 tons.
“Thus, in 2024, due to the increase in the cost of purchasing sugar beet and vegetable seeds abroad, total seed imports increased by 3.2%. The increase in the cost of imports was largely due to the purchase of higher quality seeds and higher categories of additive and basic forms, which are traditionally several times more expensive than certified seeds of different years of certification,” the Institute of Agrarian Economics summarized.
