Business news from Ukraine

Business news from Ukraine

Denmark to provide EUR 6 mln to restore Ukraine’s energy infrastructure

4 December , 2024  

Denmark will provide EUR 6 million to restore Ukraine’s energy infrastructure damaged by Russian attacks.
According to the government portal, this was discussed during a meeting between Deputy Prime Minister for European and Euro-Atlantic Integration and Minister of Justice of Ukraine Olha Stefanishyna and a Danish delegation led by Minister of European Affairs Maria Bjerre Holst, who arrived in Kyiv on a visit.
“At the beginning of the meeting, Maria Bjørre Holst announced a new aid package to restore Ukraine’s energy infrastructure: EUR6 million will be allocated to the Energy Community’s Energy Support Fund for Ukraine,” the statement said.
Stefanishyna thanked Denmark, which is currently one of the leaders among Ukraine’s partners in terms of aid as a percentage of its own GDP.
As reported with reference to the Minister of Energy of Ukraine Herman Galushchenko, the Energy Support Fund of Ukraine since its inception in the spring of 2022 and as of early October has accumulated approximately EUR 700 million for the restoration of Ukrainian energy facilities. Earlier, the Minister said that Denmark became the first sponsor of the Energy Support Fund of Ukraine, contributing to the restoration of the Ukrainian energy infrastructure in April 2022, its first donation amounted to EUR 0.5 million.
The Energy Support Fund for Ukraine was established on the joint initiative of Galushchenko and European Commissioner for Energy Kadri Simson in the spring of 2022. Contributions to the Fund were made by, among others, Germany (about EUR300 million), Australia, the United Kingdom, Austria, Sweden, Iceland, and Estonia.