The United States has allocated $25 million to the Energy Support Fund for Ukraine

The United States Agency for International Development (USAID) and the Energy Community Secretariat signed an agreement on a grant on the U.S. contribution to the Energy Support Fund for Ukraine for $25 million (23 million euros).  This was reported by UNN with reference to the the press service of the Ministry of Energy.

Details

It is noted that this is the first contribution of the United States to the Fund.

 The Energy Support Fund The Energy Support Fund of Ukraine is an effective mechanism for procuring equipment necessary for for Ukrainian energy companies to restore and repair infrastructure after hostile attacks. We thank our American partners for this contribution, which will strengthen the energy security of our country. security of our country

Addendum

In total  , Ukrainian partners have pledged to transfer over 329 million euros. Of these, 192 million have already been contributed by 15 public and private sector sponsors from different countries. The rest of the money is expected in the near future.

The funds will be used to purchase equipment needed to restore energy companies. 

In particular, between January 1 and November 27 of this year, 132 procurement agreements were concluded under the Fund 132 agreements were concluded for the purchase of energy equipment, fuel and materials totaling almost 100 million euros.

Context

The Energy Support Fund of Ukraine was established in The Energy Support Fund for Ukraine was established in the spring of 2022, it provides an opportunity for governments, international financial organizations, and private donors to provide substantial support to the Ukrainian energy sector.

  SEE ALSO: Governments and companies from 34 countries donated almost 6 thousand tons of energy aid to Ukraine