Canadians paying for Ukraine's gas Kiev

RT.com
25 Nov 2022, 20:13 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)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

22 ℃

Fair in Mexico City Intl

Lifestyle

Section

US Denounces Sudan Release of Killer of US Aid Worker

washington - The United States on Wednesday voiced alarm over Sudan's release of a man sentenced to death over the ...

Cambodia Seeks More Loans From Beijing Amid Fears of 'Debt Trap'

Phnom Penh - Cambodian Prime Minister Hun Sen is expected to visit Beijing next week looking to borrow more than ...

Centre to hire 38,800 teachers for Eklavya Model Residential Schools

New Delhi [India], February 1 (ANI): The Central government will hire 38,800 teachers and support staff for Eklavya Model Residential ...

Union Budget 2023-24 presents vision for Amrit Kaal, proposes changes income tax slabs, steep hike in capital investment

New Delhi [India], February 1 (ANI): With a thrust on better logistics and infrastructure, ease of doing business and inclusive ...

Budget 2023: India is moving forward firmly towards net-zero carbon emission by 2070, says Sitharaman

New Delhi [India], February 1 (ANI): During her Union Budget speech on Wednesday, Union Finance Minister Nirmala Sitharaman said India ...

India Upbeat About Economic Growth, Despite Slowdown

NEW DELHI - India's economic growth will slow marginally this year, but the government expressed optimism Wednesday that the country's ...

International

Section