Austria to transfer over $5 million to Ukraine Energy Support Fund

During a working visit of a Ukrainian delegation to Vienna, Deputy Minister of Energy of Ukraine for European Integration Yaroslav Demchenkov met with Vice-Chancellor and Federal Minister of Austria Werner Kogler.

Moreover, during the meeting, the parties discussed the situation in the energy sector of Ukraine and the importance of providing prompt assistance to energy companies for repair work, according to Ukraine’s governmental website.

In the course of the meeting, Werner Kogler informed that Austria would allocate five million euros ($5.3 million) to the Ukraine Energy Support Fund established by the Ministry of Energy of Ukraine with the Energy Community Secretariat in order to accumulate donor funds for the purchase of necessary equipment for Ukrainian energy companies.

This is the first stage of financial assistance, and along with the equipment that has already been delivered and will be delivered to Ukraine, it will significantly enhance the ability of energy companies to repair infrastructure facilities.

The vice-chancellor expressed support for Ukraine and emphasised that he was impressed by the courage of Ukrainians and professionalism of power engineers who tirelessly repair damaged facilities after massive shelling.

“Ukrainian power engineers are working round the clock to restore electricity supply in the country. We are very grateful to our partners for their financial and material support. However, our needs for equipment are growing every week. We are considering all options for the fastest possible supply of equipment and materials for the restoration of Ukraine’s energy infrastructure,” said the deputy minister.