Italy to contribute €13 million to Ukraine Energy Support Fund

Ambassador Extraordinary and Plenipotentiary of Italy to Ukraine Carlo Formosa, in the presence of Deputy Minister of Energy of Ukraine Roman Andarak, signed an agreement on a contribution of 13 million euros to the Energy Support Fund of Ukraine, as reported by the Ministry of Energy on Friday evening.

“We express our gratitude to Italy for supporting the restoration of the Ukrainian energy infrastructure. This assistance will allow us to acquire the necessary equipment and increase the resilience of the Ukrainian energy system in conditions when the enemy is mercilessly attacking energy facilities, and Ukrainian energy workers are working around the clock to restore the damaged ones,” Andarak emphasized.

The Energy Support Fund for Ukraine was established in April 2022 on the joint initiative of the Minister of Energy of Ukraine Herman Galushchenko and the European Commissioner for Energy Kadri Simson on the basis of the Energy Community Secretariat.

To date, partners' pledged contributions to the fund exceed EUR 1 billion. The fund's donors include both public and private sectors from more than 30 countries, including the EU, the UK and the US, as well as international and regional organisations.

During its existence, the fund has established itself as an effective instrument for providing international assistance in the energy sector, thanks to which Ukrainian energy companies are able to restore energy facilities after Russian attacks, carry out repairs and install new capacities.