Canada increases contribution to Ukraine Energy Fund to €40 million after U.S. withdrawal

Illustrative photo: 24tv.ua

The Canadian government contributed an additional €33.4 million (C$50 million) to the Ukraine Energy Support Fund.

This was reported by the Ministry of Energy of Ukraine.

With this contribution, Canada’s total funding to the Fund has increased to €40.1 million (C$60 million).

Additionally, the Ukrainian ministry stated that Canada has pledged a future contribution of €6.7 million (C$10 million).

Part of Canada’s new contribution will be directed toward supporting energy supply for critical social infrastructure in the healthcare sector through the development of solar generation systems.

“Contributions to the Energy Support Fund are used for purchasing equipment necessary to restore energy facilities after enemy attacks and to maintain the stable operation of Ukraine’s energy system,” said Ukrainian Energy Minister Herman Halushchenko.

Canada’s Minister of International Development, Ahmed Hussen, noted that this assistance will help replenish critical energy company reserves and ensure the stable operation of the sector.

It is worth noting that currently, the announced contributions from partners to the Fund exceed €1 billion. The donors include both public and private sectors from more than 30 countries, including EU member states, the United Kingdom, and the United States, as well as international and regional organizations.

Notably, on March 12, the U.S. Agency for International Development (USAID) terminated a grant agreement with the Ukraine Energy Support Fund, which amounted to a total of $75 million.

The initial agreement between USAID and the Ukraine Energy Support Fund was signed in 2023, with a total sum of $25 million. In 2024, USAID had pledged an additional $50 million to the Fund.

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