EBRD allocates 300 million euros to support Ukraine's energy sector amid Russian attacks

EBRD allocates 300 million euros to support Ukraine's energy sector amid Russian attacks

Kyiv  •  UNN

June 5 2024, 12:38 PM • 17785 views

The EBRD is allocating 300 million euros to support Ukraine's energy sector, which has been hit by Russian attacks, to restore generating capacity, infrastructure and build a new decentralized generation system.

The EBRD is allocating 300 million euros to support Ukraine's energy sector, which was affected by Russian attacks, to restore generating capacities, infrastructure and build a new decentralized generation, Prime Minister Denis Shmygal said, indicating that he had signed a corresponding memorandum, UNN writes.

The EBRD is accumulating 300 million euros to support Ukraine's energy sector, which is suffering from Russian attacks. The relevant memorandum was signed today with the president of the Bank Odile Renault-Basso

- wrote Shmygal in Telegram.

According to him,"the funds will go to state-owned energy companies for the restoration of generating capacities and infrastructure, as well as for the construction of a new decentralized generation.

"This support will help in the implementation of our goal - to ensure stable and uninterrupted power supply to the entire territory of Ukraine," Shmygal said.

To prepare for the "difficult heating season": government is considering abolition of duties and VAT, preferential loans for energy equipmentJune 3 2024, 11:41 AM • 20673 views

Addition

In total, since the beginning of the full-scale invasion of Russia, according to the prime minister, the EBRD has provided Ukraine with 4 billion euros of financing.