US intends to provide Ukraine with US$500 million to strengthen its energy system
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FLAGS OF THE USA AND UKRAINE. STOCK PHOTO: GETTY IMAGES
The United States plans to allocate around US$500 million to strengthen the resilience of Ukraine’s energy system.
Source: Geoffrey Pyatt, US Assistant Secretary of State for Energy Resources, quoted by Ukrinform
Quote: “The United States has already provided more than US$520 million in energy sector assistance to Ukraine. We know that another US$500 million is on the way.
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Vladimir Putin tried to turn the winter cold into a weapon and use winter as a tool to break the will of the Ukrainian people. I am confident that he will fail.”
Details: Pyatt clarified that the funds are mainly targeted towards meeting urgent needs, including sourcing new transformers and capabilities to rebuild energy infrastructure destroyed by the Russians.
He said that the United States is working with the Ukrainian government to build a decentralised energy system that is fully integrated with Europe – more sustainable and much better for the environment.
Background: In September, Ukraine and the United States signed a memorandum of understanding regarding Collaboration on Ukrainian Energy System Resilience, under which US$522 million is to be provided to strengthen the energy system, US$100 million of which is subject to certain conditions.
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