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EBRD to lend 300 million euros to Ukraine’s Naftogaz.

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The money will be used to offset the drop in oil and gas firm Naftogaz Ukrainy's natural gas production as a result of the Russian invasion, the European Bank for Reconstruction and Development said. According to the bank’s Vice President Alain Pilloux, the replenishing of Ukrainian gas stocks should start now to avoid "serious consequences in the autumn," when the heating season begins.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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"Our country reminds the world before the start of the 2026 Winter Olympics that sport is not outside of politics. After all, the sanctioned individuals openly support aggression, war crimes, and occupation, thus destroying the principles and values ​​of the Olympic movement."

 (Updated:  )

The delegation consists of the recently appointed President’s Office head Kyrylo Budanov, National Security and Defense Council Secretary Rustem Umerov, and the parliamentary leader of President Volodymyr Zelensky’s Servant of the People party, David Arakhamia.

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