Canadians pay for Ukrainian gas – Kyiv — RT Business News


The announcement comes as many households in Canada struggle to pay their energy bills

Ukraine has received nearly $350 million from Canada to fill its underground gas storage facilities for the winter, Ukrainian media reported Wednesday, citing Prime Minister Denis Shmygal.

The Ottawa government transferred 12.7 billion hryvni ($344 million) to Ukraine’s state-owned gas company Naftogaz, he said, adding that “Ukraine received this money earlier from the Government of Canada.” Shmygal also noted that the “the procedure for using funds from the state budget for gas supply in 2022-2023 was approved at today’s meeting [government] Meet.”

This week, Kyiv also received 200 million euros ($208 million) from Norway for the same purpose and is awaiting another 300 million euros to be funded by the European Bank for Reconstruction and Development as part of the agreement reached earlier, said the Ukrainian Prime Minister.

The funding comes as citizens across Canada and the EU face unprecedented energy inflation and a cost of living crisis, with thousands of families struggling to pay their energy bills.

READ MORE:
Ukraine interrupts the transit of Russian oil to the EU – Transneft

Canadians have witnessed a dramatic spike in electricity and gas prices in recent months. Energy analysts are warning that households across the country can expect their bills to rise by 50-100% on average this winter.

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