Business news from Ukraine

Business news from Ukraine

Germany will allocate EUR130 million to the Energy Support Fund of Ukraine

16 December , 2022  

The German Federal Ministry of Economics and Climate Protection is allocating an additional EUR100 million to the Energy Support Fund of Ukraine, the German Embassy in Ukraine reports.

“Today there was another massive Russian attack on Ukraine’s civilian energy infrastructure. International partners and Germany stand side by side with Ukraine in these dark times,” the embassy tweeted.

“By the end of the year, the fund will receive EUR130 million from Germany for the urgent needs of Ukrainian energy companies,” the German diplomatic mission said.

As reported, at a conference of solidarity with Ukraine on December 13 in Paris, German Foreign Minister Annalena Berbock said that Germany would allocate EUR50 million in assistance for the winter period for Ukraine, and in total, following the results of the conference, EUR415 was announced in aid to the country’s energy sector suffering from Russian strikes.