EU to direct nearly one billion euros towards protecting Ukraine's energy system from winter risks

EU to direct nearly one billion euros towards protecting Ukraine's energy system from winter risks
EU to direct nearly one billion euros towards protecting Ukraine's energy system from winter risks

Comprehensive financial support for the energy sector

The European Union is implementing a large-scale assistance programme for Ukraine to ensure the stable operation of energy infrastructure during the winter period. These measures are a response to Russia's constant attacks on critical facilities. EU Ambassador to Ukraine Katarina Materova provided details of the initiative in an interview with Ukrinform.

According to the diplomat, the support package provides not only for the direct restoration of damaged equipment but also for the financial provision of key industry enterprises.

«У нас є цілий комплекс заходів у сфері енергетики. Наш пакет заходів щодо підготовки енергетичного сектора оцінюється майже в мільярд євро. Він включає підтримку ремонту енергетичного обладнання, а також забезпечення всієї логістичної мережі. Все обладнання, яке більшість донорів передає Україні, надходить у межах Механізму цивільного захисту ЄС» (We have a whole complex of measures in the energy sector. Our package of measures for preparing the energy sector is valued at nearly one billion euros. It includes support for the repair of energy equipment, as well as ensuring the entire logistics network. All equipment that most donors transfer to Ukraine arrives within the framework of the EU Civil Protection Mechanism), noted the EU Ambassador.

Development of renewable sources and assistance to the population

In addition to operational repairs, the EU is paying attention to the development of alternative energy. Materova emphasised the importance of financial instruments to stimulate investment in "green" energy.

The humanitarian component plays a special role in the winter package, aimed at protecting vulnerable categories of citizens from the cold.

«Ми надаємо гарантії для кредитів та інвестицій міжнародних фінансових установ, спрямованих на розвиток відновлюваної енергетики. Також ми підготували комплексний "зимовий пакет" гуманітарної допомоги для вразливих домогосподарств, що, зокрема, передбачає постачання генераторів» (We provide guarantees for loans and investments by international financial institutions aimed at the development of renewable energy. We have also prepared a comprehensive "winter package" of humanitarian aid for vulnerable households, which, among other things, provides for the supply of generators), Materova summarised.

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