The EBRD will increase financing to restore Ukraine’s energy system and prepare for winter.

EBRD President Odile Renaud-Basso said that the bank allocated €300M this month to help state energy companies repair facilities damaged by Russian shelling and build new decentralized energy facilities.

“This is a kind of beginning, a starting point, it could be higher. We are studying how we can support and develop the power generation system,” Renaud-Basso said, noting that private companies could also apply for funding.

According to her, the EBRD will continue to provide €1.5 to €2B per year for infrastructure support, energy security, recovery, and modernization. Renaud-Basso believes that the prospects for financing Ukraine until the end of this year are stable, as foreign partners are likely to fulfill their obligations to support the country.

“But 2025, especially winter, will be difficult. We need more clarity on how to cover the financial deficit,” she said.