EBRD and Norway Boost Ukraine's Energy Resilience

The European Bank for Reconstruction and Development (EBRD) will grant Ukraine a loan of 270 million euros to secure gas supplies for the upcoming heating seasons. Norway will contribute an additional 140 million euros through the EBRD. Agreements are expected to be signed shortly.

The European Bank for Reconstruction and Development (EBRD) is stepping up to support Ukraine's energy needs by providing a substantial loan of 270 million euros. This financial backing aims to bolster the country's gas supplies over the next two heating seasons, a critical period for ensuring stable energy provision.

In a related development, the Norwegian government has pledged 140 million euros, funneling these funds through the EBRD to further assist Ukraine. This collaborative financial effort highlights the ongoing international support for Ukraine amid its energy challenges.

Prime Minister Denys Shmyhal announced these financial commitments on social media platform X, noting that relevant agreements are expected to be formalized soon. This financial aid not only underlines European solidarity but also enhances Ukraine's energy resilience in the face of geopolitical uncertainties.

(With inputs from agencies.)