Espreso. Global

U.S. allocates $825 million in new memorandum to support Ukraine's energy system 

3 December, 2024 Tuesday
21:10

On December 3, Ukrainian Foreign Minister Andrii Sybiha and U.S. Secretary of State Antony Blinken signed a memorandum to support the resilience of Ukraine's energy system

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The deal, reported by Ukraine's Ministry of Foreign Affairs, includes up to $825 million in U.S. assistance. The agreement was signed at NATO headquarters.

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The memorandum outlines plans to strengthen Ukraine's energy system, focusing on restoring critical infrastructure, promoting distributed energy generation, reforming the energy sector, and supporting the transition to a low-carbon, competitive economy aligned with Europe.

  • On November 26, it was reported that Germany had contributed €65 million to the European Energy Community through the Kreditanstalt für Wiederaufbau to help rebuild Ukraine's damaged energy infrastructure.
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