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Ukraine Prepares Greece Gas Route and Lines Up €2 Billion for Winter Gas Imports

EU-backed guarantees plus support from Norway, U.S. partners and Ukrainian banks will offset losses from strikes on domestic gas production.

Overview

  • Zelensky said a prepared agreement with Greece will add a new supply path to bolster the security of Ukraine’s gas imports this winter.
  • He said financing for nearly €2 billion in gas purchases is arranged through facilities guaranteed by the European Commission with support from Norway, Ukrainian banks and U.S. partners.
  • The government earmarked funds with European banks to finance imports that replace output lost to recent Russian attacks on energy infrastructure.
  • Ukraine is broadening options through Polish partners and is working with Azerbaijan on long-term gas contracts to stabilize supplies.
  • Zelensky announced a comprehensive overhaul of state energy companies, including leadership changes and full financial audits following a corruption probe.