On Wednesday, 1 October, the European Investment Bank (EIB) signed a historic €300 million loan agreement with Naftogaz, Ukraine’s state-owned energy company.
In a press release, the EIB explained that this financing—backed by the European Commission under the Ukraine Investment Framework—constitutes an urgent measure that aims to bolster the energy sector’s resilience and rebuild the country’s long-term gas reserves before winter. As part of this operation, Naftogaz has...