Aequo advised Naftogaz of Ukraine on securing an investment grant of EUR 127 million from the European Investment Bank (EIB)

Aequo advised Naftogaz of Ukraine on securing an investment grant of EUR 127 million from the European Investment Bank (EIB). The grant funds, provided by the EU with the financial support of the Government of Norway, will be used to purchase natural gas for the upcoming heating season.

The financing is provided through the EU’s Ukraine Investment Framework (UIF), a mechanism designed to mobilise public and private investment for Ukraine’s recovery and reconstruction following Russia’s aggression.

This year’s record support package from the EIB – a EUR 127 million grant combined with a EUR 300 million loan – is a critical and, most importantly, timely contribution that will help ensure stable gas supplies throughout the heating season.

“The grant enables Naftogaz to act proactively and secure the necessary gas volumes for the country during a critical period,” said Yulia Kyrpa, Executive Partner at Aequo.

Aequo’s team worked closely with the legal and treasury departments of Naftogaz, providing support in negotiating the finance documentation and fulfilling the conditions precedent.

The banking and finance team included Counsel Oleg Krainskyi, Associate Dmytro Shudrenko, and was led by Executive Partner Yulia Kyrpa.