Business news from Ukraine

Business news from Ukraine

Netherlands to allocate EUR65m for Ukraine’s energy sector

22 March , 2025  

The Netherlands will contribute EUR65m to Ukraine’s Energy Support Fund, the Energy Ministry said after a meeting between Deputy Minister Roman Andarak and Dutch government special representative Erika Scholten.
“This is a significant support for us and it will be an important contribution to the repair campaign that is already underway in preparation for the next heating season. Thanks to these funds, we will be able to partially cover the immediate needs,” Andarak noted.
In her turn, the Dutch representative emphasized that the energy sector would remain one of the main priorities for her country in providing further support to Ukraine.
The parties also discussed the needs of the Ukrainian fuel and energy sector in equipment for the gas production sector, which has recently been subjected to regular Russian attacks. The parties agreed to study in detail the possibilities of cooperation in this area.
According to the Ministry of Energy, since the beginning of the full-scale Russian invasion, Ukraine has received from the Netherlands 211 cargoes of energy equipment weighing almost 3,000 tons, including transformers, generators, a mobile gas power station, cables, fittings for overhead lines and other equipment needed for repair and restoration work.
As reported with reference to Energy Minister German Galushchenko, now the deficit of the Ukrainian Energy Support Fund in applications submitted by Ukrainian energy companies is almost $500m.
The Energy Support Fund was established in April 2022 on the initiative of Energy Minister Herman Galushchenko and Energy Commissioner Kadri Simson.
As of the beginning of March 2025, the announced contributions of partners to the Fund exceeded EUR1 billion. Among its donors are public and private sectors from more than 30 countries, international and regional organizations.

 

 

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