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Pledged contributions to the Ukraine Energy Support Fund exceeded €1 billion

17 December 2024, 14:14

The total amount of donor commitments for grant contributions to Ukraine Energy Support Fund has exceeded 1 billion euros.

The Fund’s resources  are directed to the restoration of energy infrastructure destroyed by russia and to meet the urgent needs of communities in electricity supply.

“We are sincerely grateful to our partners for their solidarity in supporting our energy sector, which is so necessary for all of Ukraine, as well as to the Energy Community Secretariat for its assistance in finding the necessary equipment and organizing procurement,” said Ukrainian Minister of Energy German Galushchenko.

The Energy Support Fund for Ukraine was established in April 2022 on the joint initiative of the Minister of Energy German Galushchenko and the European Commissioner for Energy Kadri Simonson at the Energy Community Secretariat. During its operation, it has become an effective tool for providing international assistance in the energy sector, thanks to which Ukrainian energy companies are able to recover from russian attacks, carry out repairs, and install new facilities.

The Fund's donors include the public and private sectors from almost all EU countries, the UK, and the US, as well as international and regional organizations.