The European Commission has helped Ukraine to secure international loans to prevent a repetition of last winter's gas cut-off.
The European Bank for Reconstruction and Development, the European Investment Bank and the World Bank will together put forward $1.7 billion (€1.2 billion).
Three hundred million dollars is to help Ukraine buy Russian gas to fill storage tanks for the coming winter. The rest is to pay for reforms to its distribution network over the next 18 months.
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Already a member? Login hereAndrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.
Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.