Business news from Ukraine

Energy Support Fund has raised over EUR400 million from 13 partner countries and organizations

9 April , 2024  

The Energy Support Fund has managed to raise over EUR410m from 13 partner countries and international organizations as of April 9.

“The remaining amount is the announced contributions, which will soon be transferred by the sponsors,” the Ukrainian Energy Ministry said on Tuesday.

As the ministry noted, the special trust of partners has been secured thanks to the system of transparent distribution of funds. In particular, the Ministry of Energy has a working group on humanitarian aid, which considers requests from Ukrainian energy companies to purchase the necessary aid with the Fund’s resources.

The Fund financed the most urgent needs of Ukrainian energy companies, in particular, the purchase of generators, power transformers, circuit breakers, spare parts, technical means, materials, special equipment, fuel, means of physical protection of energy facilities.

“Most of all funds are distributed to meet the urgent needs of energy companies from frontline regions – Kharkiv, Mykolayiv, Sumy, Zaporizhzhya, Kherson, Odessa,” the Ministry of Energy said.

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