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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Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.