Business news from Ukraine

Business news from Ukraine

France to provide EUR 60 mln to Ukraine to support energy sector

24 September , 2024  

France will provide Ukraine with at least EUR60 million by the end of this year, according to Pierre Elbrun, the French President’s Special Envoy for Ukraine’s Relief and Recovery.

“As winter approaches, the situation is becoming critical – we must act now to quickly offer concrete energy solutions,” he wrote on social media X following a meeting of the G7+ Ministerial Group on Energy Support to Ukraine at the level of foreign ministers on the sidelines of the 79th session of the UN General Assembly on Monday evening.

At the meeting, U.S. Secretary of State Anthony Blinken noted that the G7+ countries have mobilized more than $4 billion to support Ukraine’s energy sector since the start of Russia’s full-scale invasion.

In a statement following the G7+ ministerial meeting, the countries welcome further commitments of funding and in-kind support to cover the most urgent needs of the Ukrainian energy sector, including repairing damaged power plants and district heating systems, deploying new, distributed energy sources, emergency backup power for critical services, and passive protection of energy infrastructure.

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