Ukraine will receive EUR 200 million from the EBRD to strengthen energy security. Sergii Marchenko signed the Guarantee Agreement

Ukraine will receive EUR 200 million from the European Bank for Reconstruction and Development (EBRD) to support LLC GSC Naftogaz of Ukraine in creating strategic gas reserves and maintaining energy security. 

Today, the Minister of Finance of Ukraine Sergii Marchenko and the EBRD Managing Director for Ukraine and Moldova Arvid Tuerkner signed the relevant Guarantee Agreement. 

"The EBRD is a leader in supporting energy efficiency initiatives. I am grateful for understanding the urgent needs of Ukraine and making the necessary decisions. Today's signing is an important step towards strengthening Ukraine's energy stability in wartimes," said Sergii Marchenko. 

After the signing of the Agreement, the parties held a working meeting to discuss the implementation of joint projects and further priorities for cooperation. 

The Minister of Finance of Ukraine congratulated Arvid Tuerkner on his appointment and expressed the readiness for profound cooperation.

As of today, ten joint projects with the EBRD totaling EUR 2.1 billion are currently being implemented in the public sector. 

"The EBRD remains the largest institutional investor in Ukraine. As a result of close cooperation with the Bank, we are implementing projects in the energy sector, providing liquidity support to key public sector enterprises, rebuilding infrastructure and operating businesses in the private sector," said Sergii Marchenko.  

Since the start of the full-scale invasion, the EBRD's assistance in all areas has reached almost EUR 4 billion. The Bank has significantly increased its financing to Ukraine since russia launched a full-scale war and intends to continue investing in Ukraine from EUR 1.5 billion to EUR 2 billion annually.  

During the meeting, the parties also discussed existing and potential mechanisms for war risk insurance and the EBRD's support for initiatives in this area, in particular, the promotion of property insurance against maritime war risks by owners of ships used to export goods to different countries from the Black Sea ports of Ukraine.

The parties noted that support for the energy sector, including investments in renewable energy sources, infrastructure recovery, and private sector support will remain priority areas for attracting further investment.