Business news from Ukraine

POLAND WILL OFFER UKRAINE TO JOIN INTERNATIONAL ENERGY AGENCY

31 May , 2022  

Warsaw intends to propose Ukraine for entry into the International Energy Agency (IEA) at the organization’s next meeting in Paris, Polish Minister of Climate and Environment Anna Moskwa said in an interview with BiznesAlert.
“Poland wants to represent Ukraine to the International Energy Agency at the next meeting in Paris. To begin with, we would like to announce it as an observer. We already have the support of the head of the IEA,” she said.
She noted that Poland is currently negotiating the import of electricity from Ukraine.
The minister also said that the republic continues to supply oil products to Ukraine, but already on a commercial basis.
“At the beginning of the war and after the bombing of the refinery, we sent fuel free of charge. At present, these are commercial deliveries of Orlen, which require large logistics costs,” the minister said.
The IEA was created by the OECD (Organization for Economic Co-operation and Development) countries in 1974 to help coordinate a collective response to severe oil supply disruptions.
The participating states are the United States, UK, Australia, Austria, Japan, South Korea, Belgium, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Mexico, New Zealand, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, the Netherlands, Turkey. The associate members of the IEA are Argentina, Brazil, China, Egypt, India, Indonesia, Morocco, Singapore, South Africa, Thailand.

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