EBRD strengthens Ukraine’s energy security with €85 million grant from Norway
On 16 February, the European Bank for Reconstruction and Development (EBRD) announced that Norway had provided a new €85 million grant to enable Ukraine’s state-owned gas company Naftogaz to purchase urgently needed natural gas.
The grant complements an EBRD loan of up to €500 million, signed in August 2025, and will further support Ukraine’s energy security through the financing of emergency gas purchases in light of war-inflicted damage to, and disruption of, natural gas production and supply. Together, this package strengthens Naftogaz’s ability to respond to ongoing wartime energy shocks.
With this latest contribution, Norway’s total support for Ukraine’s energy security sector via the EBRD amounts to over €610 million, including Norway’s support to Naftogaz now exceeding €490 million.
Since 2022, the EBRD has mobilised €3.4 billion for Ukraine, including unfunded guarantees. Overall, the Bank has deployed close to €9.3 billion since 2022, including over €3.3 billion for the energy sector.
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