Sweden pledges €124 million to rebuild Ukraine's energy grid

Sweden has allocated €124.1 million to the Ukraine Energy Support Fund to support the restoration of energy infrastructure damaged by Russian strikes, Ukrainian Energy Minister Denys Shmyhal announced.

According to Shmyhal, total contributions to the fund have now exceeded €2 billion since its creation.

"Sweden has contributed €124.1 million to the Ukraine Energy Support Fund, bringing total contributions since its establishment to more than €2 billion.

For more than 4 years, the Fund @Ener_Community has been one of the key instruments helping Ukraine procure critical equipment to repair energy infrastructure damaged by Russian attacks. As Russia continues its relentless strikes, the needs of Ukraine’s energy sector continue to grow.

Before Sweden’s contribution, the Fund’s financing gap stood at €663 million. While this support has helped reduce the gap, significant needs remain. Continued international contributions through the Ukraine Energy Support Fund are essential to strengthen Ukraine’s energy resilience and prepare for the next heating season.

I sincerely thank the Government of Sweden for its unwavering solidarity and strategic partnership. Thank you to Minister @BuschEbba, the Ministry of Climate and Enterprise of Sweden, and our strategic partner @Sida. Every contribution to the Fund is a direct investment in the safety of millions of Ukrainians.

In fact, support for Ukraine in the energy sector is made possible by the leadership and strong stance of many people and organisations. I am grateful to @DanJoergensen for his steadfast support for Ukraine, as well as to Artur Lorkowski for carrying out a vital mission in the chain of financial support for Ukraine’s energy sector.

We stand because we stand together," Shmyhal said in a post on X.

By Vafa Guliyeva