Germany Allocates €65 Million to Ukraine Energy Fund

Germany has announced an additional €65 million ($68 million) contribution to the Ukraine Energy Support Fund, aimed at repairing the nation's energy infrastructure heavily damaged by ongoing Russian airstrikes. Federal Minister Robert Habeck highlighted the critical need for support, stating that a collapse of Ukraine's energy supply during this third winter of conflict would have disastrous effects on its economy and citizens. With this latest allocation, Germany's total contributions to the fund will rise to €360 million by the end of 2024, making it the largest donor since the fund's inception in 2022, which has collectively raised around €894 million. The fund also aims to promote a green energy transition in Ukraine, with 30% of new contributions dedicated to clean energy solutions. The German government emphasizes the urgency of maintaining energy supply to ensure access to electricity and heating for the Ukrainian populace amidst the war's challenges.