Ukraine’s energy sector will receive assistance worth $1 billion – details

Meeting of the G7+ Coordination Group. Photo:

During the International Conference on the Reconstruction of Ukraine URC 2024 in Berlin, a high-level meeting of the G7+ Coordination Group on Assistance to the Energy Sector of Ukraine was held. Representatives of 25 countries, institutions and organizations took part in the meeting. As a result, the G7+ partners announced additional assistance to the Ukrainian energy sector worth more than $1 billion. This was reported by the press service of the Ministry of Energy, FREEDOM reports.

In particular, financial assistance provides:

  • more than 70 million euros of new grant contributions to the Energy Support Fund of Ukraine;
  • $500 million in new US funding to support the energy sector;
  • €300 million in additional financing from the EBRD;
  • at least $47 million in additional grants from the World Bank and donations in the form of humanitarian aid from EU member states.

The partners stated that after Russia resumed massive attacks on critical energy infrastructure on March 22, 2024, the Ukrainian energy system lost about 9 GW of installed energy generation capacity.

“We, the members of the G7+ Energy Assistance Coordination Group for Ukraine and the government of Ukraine, condemn Russia’s actions and demand that those involved in these attacks on critical infrastructure, which have a devastating impact on the lives of civilians, be held accountable,” the statement said.

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