back to top

EU Provides Nearly €6 Billion to Ukraine for Energy Recovery

The European Union has announced a new financial assistance package for Ukraine worth nearly €6 billion. The funds will be directed toward restoring energy infrastructure, modernizing supply systems, and strengthening the protection of critical facilities.

European Commission President Ursula von der Leyen announced the decision during her address to the European Parliament. She stated that the EU will allocate the funds through the ERA Loans mechanism and the Ukraine Facility, which serves as a financial buffer for Ukraine’s budget during the war.

The EU also plans to export more than two gigawatts of electricity to Ukraine to help stabilize the national grid during the winter period. Part of the funding will go toward protecting energy facilities from Russian attacks, including purchasing equipment to counter drones that continue to target Ukrainian power plants.

In her speech, von der Leyen emphasized that Russia continues its deliberate strikes against Ukraine’s energy infrastructure. She noted that last week alone, Russian forces launched more than 40 missiles and about 500 drones in a single day, destroying two major power stations. She underscored that the EU intends to help Ukraine withstand attempts to “use winter as a weapon.”

Earlier, Roksolana Pidlasa, head of the Budget Committee of the Verkhovna Rada, stated that Ukraine expects to receive €4.1 billion through ERA Loans and another €1.9 billion under the Ukraine Facility. She also noted that work continues on the so-called “reparation loan,” a separate mechanism that Ukraine hopes to channel toward defense needs and social payments for military personnel.

The new EU funding aims to strengthen Ukraine’s energy system ahead of winter, ensure uninterrupted electricity supply for citizens, and support the country’s ability to restore damaged facilities.

Read also:
Ukraine Sets World Record with Diia.AI
Марта Синовіцька
Марта Синовіцька
Journalist | Studied at Taras Shevchenko National University of Kyiv, Faculty of Philology, specializing in ‘Literary and Art Analytics.’ In journalism since 2020. Started as an editor for management publications at MTSFER-Ukraine. Later worked as an editor in the Information Department of the Ukrainian Greek Catholic Church. Since July 2024, a journalist at the Humanitarian Media Hub.

Social Networks

LEAVE A REPLY

Please enter your comment!
Please enter your name here