Ukraine has formalised an agreement with Greece to import gas aimed at strengthening its supply capacity for the winter, as repeated attacks on national energy infrastructure have cut domestic production. President Volodymyr Zelensky stated that this new import route will help secure the volumes required for heating and grid stability.
He noted that Kyiv is mobilising nearly EUR2bn ($2.3bn) to finance these imports, with the amount intended to compensate for production losses due to Russian strikes on gas facilities. The financing is backed by European partners, guarantees from the European Commission, credit lines from Ukrainian banks, and additional support from US partners.
Strengthening a bilateral energy partnership
The agreement with Greece establishes a commercial partnership that gives Ukraine broader access to gas flows from southern Europe. This cooperation aims to diversify routes previously focused westward. Ukrainian authorities emphasise that this diversification reduces operational risks linked to potential interruptions in existing corridors.
Energy cooperation also includes ongoing discussions with Poland to facilitate the transit of additional volumes from Azerbaijan. Kyiv is exploring the possibility of extending this collaboration over a longer horizon to ensure flexible supply beyond the winter season.
Coordinated financing to secure supply
The funds are supported by a multilateral financial framework involving European and Ukrainian institutions. Authorities believe that strengthening commercial partnerships is essential to maintain sufficient storage levels and absorb disruptions caused by Russian strikes.
The announcement comes as President Zelensky prepares to visit Greece, followed by diplomatic engagements in France and Spain. He stated that consolidating these agreements is intended to ensure relative stability in supply over the coming months.
