Business news from Ukraine

Business news from Ukraine

Portugal supported Ukraine’s energy sector with contribution of EUR600,000

22 December , 2025  

Following a meeting with Portuguese Prime Minister Luís Montenegro, Ukrainian Prime Minister Yulia Svyrydenko announced the country’s first contribution to the Energy Support Fund for Ukraine in the amount of EUR600,000.

“During the meeting, the Prime Minister of Portugal announced the first contribution to the Energy Support Fund for Ukraine in the amount of EUR600,000. We highly appreciate this step by our partners,” the Telegram message said.

The parties also discussed Portugal’s defense support for Ukraine, in particular through the PURL and SAFE mechanisms, as well as the Build in Ukraine and Build with Ukraine initiatives, which have significant potential for developing cooperation, particularly in the field of joint drone production.

In the context of preparations for the next Conference on the Reconstruction of Ukraine, the parties agreed to work on the conclusion of an intergovernmental agreement (G2G) to promote the involvement of Portuguese business and investment in the Ukrainian market.

“I also emphasized to the Prime Minister that Ukraine is grateful to the leaders of the European Union for their decision to provide Ukraine with EUR 90 billion in funding over two years — this is incredibly important assistance for Ukraine,” the Prime Minister stressed.

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