**Ukraine Gets 270 Million Euro Loan to Buy Gas**
The European Bank for Reconstruction and Development (EBRD) has approved a loan of 270 million euros ($290 million) to Ukraine’s Naftogaz company. This money will be used to buy gas for the next two winters.
This news comes at a good time, as there is a ceasefire in place between Ukraine and Russia. The two sides agreed to stop attacking each other’s energy facilities. However, both countries are still accusing each other of breaking this truce.
**Why Is This Important?**
Russia has been targeting Ukraine’s gas infrastructure for some time now. This has made it difficult for the country to produce its own gas. As a result, Ukraine needs to import gas from abroad. In fact, the energy minister said that Ukraine will need to import around 1 billion cubic meters of gas by the end of this year.
**What Will Happen Next?**
The loan approved by the EBRD is meant to help Ukraine accumulate gas reserves for the next winter. This should prevent any problems with gas supplies in the future. The money will be used to fill underground storage facilities with gas.
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