Ukraine’s allies provide billions of euros to support Ukraine’s energy industry and reconstruction.

Monday, April 22, 2024
Ukraine’s allies provide billions of euros to support Ukraine’s energy industry and reconstruction.

The UK allocated more than €173.9M to strengthen Ukraine’s energy sector.

In addition, this year Kyiv will receive €560M from the EIB for energy, transport infrastructure, and housing reconstruction projects.

In addition, Germany has sent more than 100 humanitarian aid shipments for Ukrainian energy workers during the two years of the war. The country is also the largest donor to the Energy Support Fund, with contributions amounting to €225M. Recently, Ukrenergo received €800,000 worth of recovery equipment from German partners, increasing the total amount of support in these categories to more than €3B.

Norway launched a new grant program for Ukrainian public organizations, allocating almost €6M.

“This is important so that Ukraine can succeed in the war with Russia, in reconstruction, in the implementation of important reforms, and in the fight against corruption,” the country’s Foreign Ministry said.

Switzerland will also provide Ukraine with more than €5B for its recovery over 12 years. The funds will be directed to infrastructure and social projects.

 

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
War
Ukraine attacks energy infrastructure in eight Russian regions, and the aggressor  strikes Ukrainian ports.

Ukraine attacks energy infrastructure in eight Russian regions, and the aggressor  strikes Ukrainian ports.

Next post
The EU is approaching a decision on the use of profits from frozen Russian assets to help Ukraine; the US has found a way to transfer up to €50B.

The EU is approaching a decision on the use of profits from frozen Russian assets to help Ukraine; the US has found a way to transfer up to €50B.

Previous Main Topics