Naftogaz has secured a €200 million loan from the European Bank for Reconstruction and Development (EBRD), aimed at boosting Ukraine's energy security, as reported by Naftogaz and the EBRD.
Naftogaz CEO Oleksiy Chernyshov and EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone signed the agreement on 22 November.
However, its implementation is contingent upon the issuance of a state guarantee.
"I am sincerely grateful to the EBRD and Matteo Patrone for their cooperation and consistent support of Ukraine in these difficult times," Chernyshov said.
"We are proud of our cooperation with Naftogaz, which has also been improving its governance and, after difficulties in the past, has successfully completed the restructuring of its bonds - we stand ready to support them further," Patrone said.
The signing brings to fruition an agreement originally reached by EBRD President Odile Renaud-Basso and Ukrainian Prime Minister Denys Shmyhal at the Ukraine Recovery Conference in London in June.
Earlier it was reported that Naftogaz would receive a grant of more than UAH 3 billion from the European Bank for Reconstruction and Development (EBRD) for emergency gas purchases.