The G7+ countries have promised their support for the Ukrainian energy sector and praised the sector’s reforms, which will allow the attraction of private investment.

US Secretary of State Antony Blinken and the head of Japanese diplomacy, Iwao Horii, held the fourth ministerial meeting in the G7+ format to confirm collective support for restoring and protecting Ukraine’s energy sector in wartime conditions. The group considered the supply of critical equipment that Ukraine will need to stabilize its electricity grid and ensure the continuity of essential services such as heating and water treatment.

In addition, it is noted that the G7+ partners positively assessed Ukraine’s efforts in key reforms, including adopting a regulation on the integrity and transparency of the wholesale energy market and antimonopoly legislation to create a favorable business environment. This will help attract “significant private sector investments necessary to transform Ukraine into a clean energy center, part of the global energy supply chain, and a member of the EU in the future.”