$300 million for Naftogaz: U.S. Eximbank to provide funding for new equipment
16 April 18:42
The Export-Import Bank of the United States will provide $300 million in financing for the purchase of new American equipment for Ukraine’s Naftogaz.
Prime Minister Yulia Svyrydenko announced this on Telegram following a meeting with Export-Import Bank of the United States President John Jovanovich, according to "Komersant Ukrainian".
“We agreed to launch a mechanism to finance the purchase of American energy equipment for Naftogaz in the amount of $300 million. This will allow us to restore gas production facilities destroyed by Russian attacks,” the head of government said.
She added that a broader energy sector modernization program worth over $1 billion was also discussed at the meeting.
“In addition, we considered the possibility of creating a mechanism to support the supply of American LNG to Ukraine on financing terms comparable to market conditions in the Eurozone,” Svyrydenko said.
She noted that to get through the 2025–2026 heating season, Naftogaz imported a record 900 million cubic meters of U.S. liquefied natural gas (LNG).
“Ukraine is interested in increasing the volume of U.S. gas purchases and deepening cooperation with U.S. financial institutions in this area,” the prime minister noted.
A separate item on the agenda was the restoration of Ukrzaliznytsia’s rolling stock, where over 300 locomotives were destroyed or damaged.
“We are exploring opportunities for development in the logistics sector as well… Over 300 of the company’s locomotives were damaged or destroyed as a result of Russian attacks. The next step is to structure an agreement on mutually beneficial terms,” the head of government noted.
Additionally, the parties agreed to sign a memorandum on financing Ukrainian projects in the critical minerals sector and to separately develop framework financing programs for Ukrainian dual-use companies.
