Canada will provide funds for gas purchases, while the UK will provide funds for the operation of the electricity system.
Canada signed the first €36.5 million guarantee for a €300 million EBRD loan to Naftogaz for gas purchases. The bank’s loan program also includes support from Ukrenergo, which is funded by the UK.
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“With this €36.5 million loan guarantee, Canada is supporting a €300 million EBRD loan that will help Ukraine secure much-needed energy resources before winter arrives,” said Canadian Deputy Prime Minister and Finance Minister Chrystia Freeland.
In turn, the UK is providing a €54.4 million guarantee for an EBRD loan to Ukrenergo.
“The UK and the EBRD continue to support Ukraine not only in words but also in deeds. This money will help provide light for the homes of Ukrainians in the coming months and help those necessary funds for the Ukrainian government as Ukraine continues to fight Putin’s illegal aggression,” the minister said. UK Finance Quasi Forty.
According to EBRD President Odile Renaud-Basso, this year the EBRD can invest more than one billion euros in Ukraine, which became possible thanks to such support from donor countries.
It should be noted that today Ukraine’s gas reserves are about 14 billion cubic meters. At the beginning of the heating season, they plan to pump another billion cubic meters. Naftogaz said that these reserves will be enough for the winter.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.