EBRD pledges €200 million to help Ukraine create “strategic” gas reserves
Source: Ukraine’ finance ministry
The European Bank for Reconstruction and Development has announced a substantial €200 million aid package for Ukraine’s Naftogaz. The guarantee agreement was signed on Monday by Ukraine’s finance minister, Serhiy Marchenko, and EBRD managing director for Ukraine and Moldova, Arvid Tuerkner.
The pledged money will help the Ukrainian stater-run energy company to created “strategic natural gas reserves” and shore up the nation’s energy infrastructure.
The bank earlied teamed up with Ukraine’s govement to realize 10 projects worth €2.1 billion in the public sector in Ukraine.
“The EBRD remains the largest institutional investor in Ukraine. As a result of close cooperation with the Bank, we are implementing projects in the energy sector, providing liquidity support to key public sector enterprises, rebuilding infrastructure and operating businesses in the private sector,” said Serhii Marchenko.
During the meeting, the parties also addressed a range of the issues including potential mechanisms for mitigating war-related risks, and initiatives promoting maritime war risk insurance for shipowners.
Since Feb.24 invasion , the EBRD has pledged almost €4 billion to aid Ukraine.
On October 6, the Administrative Cassation Court within the Supreme Court of Ukraine continued hearing case No. 990/80/25, in which the fifth President and leader of the party “European Solidarity”, Petro Poroshenko, seeks to have Presidential Decree No. 81/2025 from February 12, 2025 — enacting sanctions by the decision of the National Security and Defense Council (NSDC) — declared illegal and annulled. The plaintiff claims the document was falsified and that the sanctions are a tool of political persecution of the opposition, contrary to international norms. Government representatives deny the allegations and insist their actions were lawful. Journalists of Bukvy were present at the hearing.
Rinat Akhmetov’s Metinvest Group has completed the construction of an upgraded underground NATO Role 2 hospital in one of the hottest sectors of the frontline. This is the second stabilization point established under the Steel Front initiative in cooperation with the Medical Forces of the Armed Forces of Ukraine. The new facility, funded by Metinvest with an investment of UAH 21 million, is more secure than the first one thanks to its deeper location underground (over 6 meters) and additional fortifications.
Five armored vehicles “Kozak” have received a new mission – thanks to the support of Metinvest, they have been upgraded to full-fledged command and staff vehicles. These upgraded vehicles are now operating on the front line.
A kamikaze drone flies directly toward an armored personnel carrier. But instead of penetrating the hull, it explodes on a steel screen. The crew survives. This is the new reality for Ukrainian forces, who have received enhanced protection thanks to the Metinvest project within “Steel Front of Rinat Akhmetov”.
To commemorate the third anniversary of the full-scale invasion, “Bukvy” has compiled data on the largest donors supporting the Armed Forces of Ukraine. Among them there are charitable foundations and businesses. The list includes, in particular, foundations that provide assistance exclusively from their own resources, without fundraising (such as SCM by Rinat Akhmetov, Epicenter, etc.).