Business news from Ukraine

GERMANY TO SUPPORT BILATERAL ENERGY PROJECTS WITH UKRAINE

22 July , 2021  

The German authorities intend to support bilateral energy projects with Ukraine and will dedicate the funding of $70 million for this, according to a joint statement by Washington and Berlin on the Nord Stream 2.
“Germany will continue to support bilateral energy projects with Ukraine, especially in the field of renewables and energy efficiency, as well as coal transition support,” the document says.
Germany, among other things, “will appoint a special envoy with dedicated funding of $70 million.”
In addition, Germany is also ready to launch a Ukraine Resilience Package to support Ukraine’s energy security. Berlin will provide assistance for Ukraine’s integration into the European electricity grid, support efforts to reform Ukraine’s energy sector, and assist with identifying options to modernize Ukraine’s gas transmission systems.

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