The European Bank for Reconstruction and Development (EBRD) and the French government have teamed up to help Ukraine and its economy maintain its railway services and energy supply.
France is providing a guarantee worth €49.4 million to support an EBRD loan of €150 million to UkrZaliznytsya (UZ), Ukraine’s railway company. This will help finance critical operating expenses to ensure stable rail cargo and passenger transportation, as well as evacuation and humanitarian aid services in the war-torn country.
The French guarantee complements another guarantee for UZ provided by the European Union through its European Fund for Sustainable Development (EFSD).
In parallel, France is providing a €50 million guarantee to facilitate an EBRD loan of €300 million to the Ukrainian state-owned gas company Naftogaz. The financing will help Naftogaz purchase gas and guarantee supply to Ukrainian customers, and produce electricity over the winter and beyond.
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