Energy

Allies are investing in the restoration of Ukrainian energy and critical infrastructure.

Monday, June 10, 2024
Allies are investing in the restoration of Ukrainian energy and critical infrastructure.

France will allocate €200M to enterprises that will invest in restoring Ukraine’s critical infrastructure, with €60M of these funds directed to the Ukrainian energy sector, French President Emmanuel Macron said. In addition, he announced the expansion of the mandate from the French Development Agency to support projects in Ukraine at the local level.

As well, the Cabinet of Ministers decided to obtain €30M from the German State Investment Bank (KfW) for the reconstruction of one a power substation in the Lviv region.

According to Prime Minister Denys Shmyhal, €500M has already been accumulated in the Energy Support Fund to purchase the necessary equipment. In addition, Estonia decided to increase its contribution to the Energy Support Fund of Ukraine created by Kyiv and the European Commission, transferring an additional €400,000. With that contribution, Estonia’s total amount provided is €450,000.

 

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Ukrainian government and businesses are working to restore the energy facilities that was destroyed by the Russians.

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