Business news from Ukraine

Business news from Ukraine

Belgium to allocate €9 mln for Ukraine’s energy infrastructure

12 May , 2024  

Belgium will allocate an additional 9 million euros in aid to Ukraine to repair its damaged energy infrastructure, Belgian Minister of Development Cooperation Caroline Genne said on Friday.

“Ukraine’s energy infrastructure is old and too centralized, which makes it very vulnerable,” the minister said, as quoted by RTBF.

The 9 million euros will be channelled through the United Nations Development Program (UNDP), which has organized a system that allows for the rapid procurement of spare parts and the supply of new equipment to repair damaged or destroyed infrastructure. In doing so, UNDP “emphasizes sustainable and decentralized energy sources,” Genne explained.

According to her, “Together with military assistance, this support will help strengthen Ukraine’s resilience.”

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