Svyrydenko discusses mechanism with US Eximbank President to finance purchase of American energy equipment for Naftogaz
Prime Minister Yuliya Svyrydenko discussed deepening economic cooperation in energy, dual-use products, critical minerals, and logistics with US Eximbank President John Jovanovic.
"We agreed to launch a mechanism to finance the purchase of American energy equipment for Naftogaz in the amount of $300 million. This will allow for the restoration of gas production facilities destroyed by Russian attacks. We also discussed parameters for a broader program to modernize the energy sector worth over $1 billion," Svyrydenko wrote on her Telegram channel following a meeting with the bank’s team in Washington.
Furthermore, the parties considered the possibility of creating a mechanism to support the supply of American LNG to Ukraine on financing terms comparable to Eurozone market conditions.
"To get through the most difficult heating season of 2025-2026, 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 wrote.
Among other things, according to her, the parties discussed financing formats for the purchase of locomotives for Ukrzaliznytsia to meet priority needs, specifically the restoration of rolling stock.
"More than 300 of the company’s locomotives were damaged or destroyed as a result of Russian attacks. The next stage is structuring the deal on mutually beneficial terms using available financial instruments," she added.
In addition, government officials agreed with the bank 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.
