Canada contributes additional $35 million toward restoring energy infrastructure in Ukraine

Canada contributes additional $35 million toward restoring energy infrastructure in Ukraine

Canada contributed another 50 million Canadian dollars ($34.8 million) to the Ukraine Energy Support Fund, Ukraine's Energy Ministry said on March 14.Days prior, Ukraine received the first tranche of a loan of $1.7 billion covered by frozen Russian assets from Canada, the Ukrainian Finance Ministry announced on March 13."As Russia continues its ruthless attacks on Ukrainian infrastructure, leaving millions without electricity, water, and heat, C…

Ukraine has selected 64 projects valued at over ₴2B for the joint Ukrainian Recovery Program with the EIB.

On March 13-14, the expert working group from the Ministry of Development and Trade selected 64 community projects to receive support under the Ukrainian Recovery Program. By the end of the first day, 35 projects worth nearly ₴1B were chosen for community energy sustainability initiatives. Specifically, projects were identified in the regions of Vinnytsia, Zhytomyr, Zakarpattia, Zaporizhzhia, Kyiv, Lviv, Mykolaiv, Odesa, Poltava, Rivne, Sumy, Kh…

Nearly $68B needed to restore Ukraine's energy sector - PM Shmyhal

As per the latest World Bank RDNA4 assessment, the needs for restoring Ukraine's energy sector amount to about $68 billion, so the government is working on creating a mechanism for confiscating frozen Russian assets that would be spent on reconstruction efforts. Prime Minister Denys Shmyhal stated this at a government meeting, Ukrinform reports with reference to his Telegram channel. "According to the latest World Bank RDNA4 assessment, the need…