Diplomacy

200 million euros for Ukraine's energy recovery: Italy has transferred the first tranche

200 million euros for Ukraine's energy recovery: Italy has transferred the first tranche
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The Italian government has transferred the first tranche of 25 million euros for the restoration of Ukraine's energy system as part of a joint initiative with the European Bank for Reconstruction and Development (EBRD), with a total value of 200 million euros.

The funds are intended for the state company Ukrhydroenergo and will be directed towards implementing urgent measures to restore access to energy supply, strengthen electrical networks, and ensure essential services in the most affected regions.

"This first funding is a concrete signal of Italy's strong support for Ukraine's energy sector, which has faced serious challenges due to the war," said Carlo Formosa, the Extraordinary and Plenipotentiary Ambassador of Italy to Ukraine. "The country's recovery begins with light, warmth, and basic services that unite communities and make them resilient."

 

This contribution is part of a broader aid package from Italy amounting to 125 million euros, aimed at energy security and rebuilding Ukraine in cooperation with Ukrainian institutions and international partners.

 

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