To strengthen the power grid: Ukraine to receive €100 million
26 April 15:09
At the “Energy Ramstein” meeting, the partners announced €100 million in funding for Ukraine’s energy sector and discussed additional financing. This was reported by "Komersant Ukrainian", citing a post on Telegram by Denys Shmyhal, First Deputy Prime Minister and Minister of Energy of Ukraine.
According to him, the funds will be channeled through the Energy Support Fund. They will be used to prepare for winter and finance the energy sector’s priority needs.
At the same time, the partners agreed to work on securing an additional €829 million for this fund.
“This is critically important for ensuring the timely allocation of resources to already approved and priority needs, as well as for carrying out procurements,” Shmyhal emphasized.
During the meeting of the Ukraine Energy Coordination Group, the parties also discussed key energy goals and priorities ahead of the cold season.
Shmyhal thanked partner countries, including the United Kingdom, the EU, Italy, Norway, Canada, Finland, Estonia, Latvia, Lithuania, Germany, Denmark, and France, for their support of Ukraine.
He specifically noted the European Union’s decision to provide Ukraine with €90 billion in financial assistance, which will also help with preparations for winter.
“We believe that the support and solidarity of our partners will help Ukraine get through the coming winter,” the minister concluded.
As a reminder, during a meeting of the Ukraine Energy Coordination Group, Energy Minister Denys Shmyhal stated that Ukraine expects to resume imports of petroleum products from Hungary after the launch of oil transit via the Druzhba pipeline.
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