“I thank the leadership of PrivatBank for their consistent support and prompt work. These funds help us purchase imported gas on time and strengthen the country’s energy resilience. I am grateful to the Ukrainian Government for coordinating and continuously supporting our efforts,” said Naftogaz CEO Sergii Koretskyi.
Additional financing is necessary due to ongoing Russian attacks, due to which part of Ukraine’s domestic production has been lost. To get through the winter steadily, Naftogaz needs to import 4.4 billion cubic meters of gas, with a total cost of about €1.9 billion.
“Supporting the energy sector is one of the bank’s priorities and part of our social responsibility. It is important for us to support Ukrainians during the most difficult periods. We continue to serve as a reliable financial pillar for the country, directing resources to ensure the stable operation of critically important sectors. We sincerely value the trust of Naftogaz’s leadership, our constructive cooperation, and our shared responsibility for strengthening Ukraine’s energy security,” commented Evgeny Zaigraiev, Member of the Management Board of PrivatBank responsible for corporate and SME business.
This is already the second loan from PrivatBank to Naftogaz: in July, Naftogaz also secured UAH 4.7 billion to build up reserves in underground storage facilities.
The new loan will make an important contribution to ensuring stable gas supply for Ukrainians this winter.
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