EU mobilises additional €50 million for Ukraine’s urgent winter energy needs

The European Commission, together with the European Investment Bank, has provided an additional €50 million to Ukraine’s state-owned energy company, Naftogaz.

This funding, announced on 29 January, will support the country’s energy system amidst the harshest winter conditions since the start of the war and the ongoing Russian attacks targeting Ukraine’s energy infrastructure. This loan will help to ensure heating and energy supply for households, critical services, and businesses across the country.

“The news coming from Ukraine every morning is horrific. What Russia is doing is state terror. This is beyond war. People are freezing to death. Many are fleeing Kyiv and other cities,” Enlargement Commissioner Marta Kos said. “The EU has worked closely with Ukraine to stabilise the energy system, but the scale of Russian attacks is such that Ukraine urgently needs more. This €50 million emergency loan is one of many additional measures. We are looking into all possible options to help Ukrainians.”

This additional loan, provided through the Ukraine Facility, brings the EU’s total support for emergency gas purchases for winter 2025-2026 to €977 million.

In parallel, Naftogaz is pledging to reinvest an amount equivalent to this financing into renewable energy and decarbonisation projects, ensuring that immediate energy security goes hand in hand with shared long-term green transition objectives.

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Press release