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Norway grants additional €139 million to Ukraine's Naftogaz through EBRD

Photo by Marian Rotea / Unsplash

Norway will this year provide a total of €139 million in grants to Ukrainian oil and gas company Naftogaz to facilitate loans extended by the European Bank for Reconstruction and Development (EBRD), the lender said on Wednesday.

Of the total, €85 million in funding will be directed towards helping Naftogaz buy gas supplies for heating and power to homes, businesses, and industry.

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