The key facts
- Naftogaz of Ukraine signed a €23 million grant agreement with the EBRD with the support of the Netherlands
- The funds will be used to purchase additional volumes of natural gas
- In August, former Prime Minister Yulia Svyrydenko took over the company
Grant for gas purchases
Ukraine's national energy company Naftogaz has received €23 million for gas purchases. According to the company's press service, it signed a grant agreement with the European Bank for Reconstruction and Development (EBRD) with the support of the government of the Netherlands, and the funds will be used to purchase additional volumes of natural gas. This was reported by Gazeta.Ru citing a statement from the company.
Change of company leadership
The grant comes several months after reshuffles in the company's leadership and the government of Ukraine. In August, former Ukrainian Prime Minister Yulia Svyrydenko was appointed head of Naftogaz, while her predecessor Serhii Koretsky, who had previously led the company, took the post of Prime Minister — meaning they effectively swapped places.
About the company
Naftogaz of Ukraine is engaged in the extraction, transportation and storage of natural gas and oil. The company was founded in 1998 and is one of the largest enterprises in Ukraine. The publication separately notes that Ukraine previously estimated the damage from a strike on an oil refinery in the Poltava region; no details of this assessment are provided in the report.
