Ukraine to attract $300 million for energy equipment for Naftogaz and discusses format for locomotive procurement
Kyiv • UNN
The Prime Minister of Ukraine in the US discussed the parameters of a broader energy sector modernization program worth over $1 billion. The purchase of locomotives and LNG is also planned.
In Washington, Prime Minister Yulia Svyrydenko met with the President of the US Exim Bank, John Jovanovic, and the bank's team. They agreed to launch a financing mechanism for the purchase of American energy equipment for Naftogaz worth $300 million, UNN reports.
In Washington, a meeting was held with the President of the US Exim Bank, John Jovanovic, and the bank's team. The key areas for deepening economic cooperation remain unchanged: energy, dual-use products, critical minerals, and logistics.
As Svyrydenko reported, they agreed to launch a financing mechanism for the purchase of American energy equipment for Naftogaz worth $300 million. This will allow the restoration of gas production facilities destroyed by Russian attacks. They also discussed the parameters of a broader program for modernizing the energy sector worth over $1 billion.
In addition, they considered the possibility of creating a mechanism to support the supply of American LNG to Ukraine on financing terms comparable to market conditions in the Eurozone. To get through the most difficult heating season of 2025-2026, the state-owned Naftogaz imported a record 900 million cubic meters of American LNG for the country. Ukraine is interested in increasing the volume of American gas purchases and deepening cooperation with American financial institutions in this direction, the Prime Minister added.
According to her, Ukraine is attracting development opportunities in the logistics sector as well. They discussed financing formats for the purchase of locomotives for Ukrzaliznytsia for urgent needs, including the restoration of rolling stock. More than 300 company locomotives were damaged or destroyed as a result of Russian attacks. The next stage is structuring an agreement on mutually beneficial terms using available financial instruments.
They also agreed to sign a memorandum on financing Ukrainian projects in the field of critical minerals and to separately develop framework financing programs for Ukrainian dual-use companies, Svyrydenko summarized.