Business news from Ukraine

Business news from Ukraine

Germany to allocate an additional €30 mln to Ukraine’s energy sector

24 October , 2025  

Federal Minister for Economic Affairs Katerina Reiche has promised Ukraine additional aid in the amount of €30 million for the energy sector, and this amount may still be increased, Tagesspiegel reported on Friday.

During her visit to Kyiv, Reiche told reporters that in early October, about 60% of Ukraine’s gas supply had been destroyed by Russian attacks.

“Russia’s goal is obviously to exhaust Ukraine. We will help restore the energy infrastructure,” she said.

Germany has already allocated a third of the total amount of EUR 390 million to the Energy Assistance Fund for Ukraine, and has promised to invest another EUR 30 million in Ukraine, with the possibility of further increases.

As reported, Reiche arrived in Kyiv on Friday to assess Ukraine’s needs for rebuilding its energy infrastructure after large-scale Russian attacks that severely damaged the power grid, Reuters reports. In addition to rebuilding the energy infrastructure, Reiche intends to focus on expanding German-Ukrainian defense cooperation.

 

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