RT.com
25 Nov 2022, 15:43 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.
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
(RT.com)
Get a daily dose of Mexico Star 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 Mexico Star.
More InformationPARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
VILNIUS, Lithuania – A growing body of research suggests that selectively restricting a single nutrient in our diet could have profound...
Port of Spain [Trinidad and Tobago], July 4 (ANI): Trinidad and Tobago Prime Minister Kamla Persad-Bissessar praised Prime Minister...
The president has called for the promotion of large traditional families President Vladimir Putin urged Russians on Thursday to promote...
BEIJING, July 3 (Xinhua) -- With policy support and improving environmental awareness and growing health consciousness of the public,...
Washington, DC [USA], July 3 (ANI): The Quad Foreign Ministers' Meeting (QFIM) held in Washington placed strong emphasis on the importance...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...