RT.com
25 Nov 2022, 13:56 GMT+10
The announcement comes as many households in Canada are struggling to pay their energy bills
Ukraine has received nearly $350 million from Canada to fill up its underground storage facilities with gas for the winter, Ukrainian media reported on Wednesday, citing Prime Minister Denis Shmygal.
The government in Ottawa has transferred 12.7 billion hryvni (US$344 million) to Ukraine's state-owned gas company Naftogaz he said, adding that "Ukraine earlier received this money from the government of Canada." Shmygal also noted that the "procedure for using state budget funds for procuring gas in 2022-2023 was endorsed at today's [government] meeting."
This week, Kiev also received 200 million (US$208 million) from Norway for the same purpose and is awaiting another 300 million to be bankrolled by the European Bank for Reconstruction and Development under the agreement reached earlier, the Ukrainian premier said.
The funding comes as citizens in Canada and the EU are facing unprecedented energy inflation and a cost-of-living crisis, with thousands of families struggling to pay their energy bills.
READ MORE: Ukraine halts Russian oil transit to EU - Transneft
Canadians have seen a dramatic surge in electricity and gas prices in recent months. Energy analysts warn that households in the country can expect their bills to rise by between 50% and 100% on average this winter.
For more stories on economy & finance visit RT's business section
Get a daily dose of Europe Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Europe Sun.
More InformationWASHINGTON, D.C.: The U.S. Transportation Department is expected to say that fuel economy rules created under President Joe Biden went...
WASHINGTON, D.C.: The U.S. Justice Department is investigating Andrew Cuomo, the former governor of New York and a top candidate for...
WASHINGTON, DC - U.S. President Donald Trump re-ignited his trade war on Friday with an extraordinary attack on the European Union...
ATLANTA, Georgia: A judge in Georgia has ruled that Delta Air Lines can continue most of its lawsuit against the cybersecurity company...
WASHINGTON, D.C.: U.S. senators from both parties introduced a bill this week aimed at countering China and Russia's growing influence...
NEW YORK CITY, New York: Officials are investigating why a Mexican Navy training ship hit the Brooklyn Bridge on May 17, breaking the...
MOSCOW, Russia: Russia's top oil company, Rosneft, has taken over control of the country's largest rare earth metals deposit, Tomtor,...
GOTHENBURG, Sweden: Volvo Cars is stepping up its collaboration with Google to become the lead development partner for Android automotive...
NEW YORK, New York - U.S. stock markets fell Friday as President Donald Trump launched an extraordinary attack on the European Union,...
SAN FRANCISCO, California: Levi Strauss is parting ways with Dockers. The denim giant announced this week that it will sell the Dockers...
OTTAWA, Canada: Canada's inflation picture became more complicated in April, with headline inflation easing but core measures ticking...
NEW YORK, New York - U.S. stocks had a volatile day on Thursday after the House of Representatives narrowly passed President Donald...