Germany allocates additional 89 million euros to Ukraine's energy support fund

Germany allocates additional 89 million euros to Ukraine's energy support fund

The German government has allocated another €88.5 million to the Energy Support Fund for Ukraine under the European Energy Community. This was reported by the press service of the German government.


"The Federal Ministry for Economic Affairs and Climate Protection provides €54.3 million through KfW, and the Federal Foreign Office provides €34.2 million. This is due to the fact that during the second winter of Russian aggression against Ukraine, Russian air strikes also target Ukrainian energy infrastructure," the statement said.


The money allocated by the Energy Support Fund for Ukraine will be used to finance energy sources, spare parts and equipment, such as transformers and generators, to maintain energy supply in Ukraine. The funds will also be used to restore destroyed substations and power plants to provide electricity and heat to the population.


Part of the funds will also be used for green energy transition projects, such as photovoltaic systems on public buildings, as well as green reconstruction initiatives in Ukraine.





The German government has allocated another €88.5 million to the Energy Support Fund for Ukraine under the European Energy Community. This was reported by the press service of the German government.


"The Federal Ministry for Economic Affairs and Climate Protection provides €54.3 million through KfW, and the Federal Foreign Office provides €34.2 million. This is due to the fact that during the second winter of Russian aggression against Ukraine, Russian air strikes also target Ukrainian energy infrastructure," the statement said.


The money allocated by the Energy Support Fund for Ukraine will be used to finance energy sources, spare parts and equipment, such as transformers and generators, to maintain energy supply in Ukraine. The funds will also be used to restore destroyed substations and power plants to provide electricity and heat to the population.


Part of the funds will also be used for green energy transition projects, such as photovoltaic systems on public buildings, as well as green reconstruction initiatives in Ukraine.