The Energy Community Secretariat has set up the legal framework for the Ukraine Energy Support Fund to counteract the impact of the Russian invasion. The Fund was established at the request of the European Commission and in agreement with the Ministry of Energy of Ukraine.
The Fund will enable governments and international institutions to provide emergency financial support to the Ukrainian energy sector. The Secretariat will manage and be responsible for the Fund, as well as act as an intermediary between donors and the Ukrainian authorities.
“Ukraine and its energy sector need our support, but no country or organization alone has the resources to ensure its energy security. This Fund will make helping Ukraine easier and better coordinated“, said EU Commissioner for Energy Kadri Simson, “It is a good option for those who want to contribute but lack the practical or logistical ability to do so – like countries on the other side of Europe or the globe.“
The Ministry of Energy of Ukraine will use the donations to purchase fuel, equipment, services, and capital needed to keep the energy sector and infrastructure functioning during the war.
