EIB Boosts Ukraine's Energy Security with €300M Loan for Green Transition
The European Investment Bank (EIB) has signed a €300 million loan agreement with Ukraine's state-owned energy utility, Naftogaz. The deal, backed by the European Commission under the EU's Ukraine Investment Framework, aims to bolster Ukraine's energy security and sustainability. It complements existing support from partners like the European Bank for Reconstruction and Development (EBRD).
The loan is part of the EIB's Ukraine Energy Rescue Plan, supporting the country's energy system during the war while keeping it on course for the green transition and EU integration. EIB Group President Nadia Calviño and EIB Vice-President Teresa Czerwiński highlighted its importance for Ukraine's energy security and long-term sustainability.
Ukraine's Prime Minister Yulia Svyrydenko welcomed the agreement, emphasising its significance for the country's energy resilience and EU integration. Sergii Koretskyi, Chief Executive Officer of Naftogaz Ukraine, expressed gratitude for the substantial support from the EIB. The operation incentivises Naftogaz to shift towards renewables and decarbonisation, supporting a cleaner energy future for Ukraine.
The €300 million loan aims to strengthen Ukraine's energy resilience and replenish its long-term gas reserves ahead of winter. The EIB is also providing technical assistance to help Naftogaz advance its decarbonisation strategy and green transition. This financial support, accompanied by European Commissioner Marta Kos during her trip to Kyiv, underscores the EU's commitment to Ukraine's energy sector.
