Economy 2024-04-15T05:10:10+03:00
Ukrainian news
To Buy Electricity In EU, Ukraine Will Need Additional Financial Support - Kuleba

To Buy Electricity In EU, Ukraine Will Need Additional Financial Support - Kuleba

electricity, electricity supplies, Dmytro Kuleba, electricity import, Foreign Minister Dmytro Kuleba, Foreign Affairs Minister Dmytro Kuleba

Foreign Minister Dmytro Kuleba has noted that if Ukraine is forced to buy electricity from the European Union, then it will need additional financial support.

This is stated in the message of the Ministry of Foreign Affairs, Ukrainian News Agency reports.

Speaking at a meeting of the Foreign Ministers of the G7 countries (the U.S., Canada, the UK, Germany, France, Italy, Japan) and other partner countries and the leadership of European financial institutions in Bucharest (Romania), Kuleba spoke about possible ways to overcome the electricity deficit in Ukraine.

"The first option is to buy electricity from the EU. But in the EU market, prices are much higher than in Ukraine, so additional financial support will be needed," the Minister said.

According to him, the second method involves providing Ukraine with the necessary energy equipment, transformers and generators that will help compensate for the energy infrastructure damaged by Russian shelling.

In this context, Kuleba expressed gratitude to the United States for providing Ukraine with USD 53 million for the urgent procurement of energy equipment.

The Minister stressed that since October 10, Russia has launched more than 600 missiles on the territory of Ukraine and attacked critical infrastructure.

He stressed that Russia will continue missile terror against Ukraine.

"It is critically important to provide Ukraine with the necessary equipment to restore electric power. But it is equally important to continue to provide assistance to protect this equipment from repeated attacks, in particular by supplying Ukraine with missile and air defense systems," Kuleba concluded.

As Ukrainian News Agency earlier reported, on Wednesday morning the Ukrenergo National Energy Company announced that power deficit in the power system of Ukraine is 27%.

On November 23, as a result of the Russian massive rocket attack on the Ukrainian energy infrastructure, the vast majority of electricity consumers throughout Ukraine were de-energized.