The European Bank for Reconstruction and Development (EBRD) and Norway are reinforcing Ukraine’s energy resilience with a new €85 million grant from Norway, enabling Ukraine’s state-owned gas company Naftogaz to purchase urgently needed natural gas. This grant is part of ongoing efforts to secure energy supplies amid disruptions caused by the war.
The Norwegian grant complements an existing EBRD loan of up to €500 million, signed in August 2025, supporting emergency gas purchases and strengthening Naftogaz’s capacity to respond to wartime energy shocks. Together, these funds enhance Ukraine’s ability to maintain essential gas supply despite damage to production and infrastructure.
With this latest contribution, Norway’s total support for Ukraine’s energy security through the EBRD now exceeds €610 million, with backing for Naftogaz alone surpassing €490 million. Previous Norwegian grants have financed major EBRD projects for emergency gas purchases and strategic reserves, helping to safeguard energy services for millions of Ukrainians.
Since 2022, the EBRD has mobilized €3.4 billion for Ukraine, including unfunded guarantees, and deployed nearly €9.3 billion in total support, with over €3.3 billion directed to the energy sector. This makes the EBRD Ukraine’s largest institutional investor since the full-scale war began, playing a crucial role in sustaining the country’s energy infrastructure.
