First Deputy Prime Minister and Minister of Economy of Ukraine Yuliia Svyrydenko has signed a financial agreement between Ukraine and the European Union providing for EUR 5.27 billion in grant assistance under the Ukraine Facility over the next four years. The decision to attract grant support from the EU was made at a Government meeting…
Klaipeda port authority will need to pay Latvian construction company BMGS JSC nearly half a million euros for additional work during the reconstruction of a berth, as ruled by the Lithuanian Court of Arbitration. On July 4, the court lifted the ruling of the March 8 of Klaipeda Regional Court and imposed the disbursement of…
Bulgargaz, Bulgaria’s state gas supplier, has initiated legal proceedings against Gazprom, the Russian energy monopoly, seeking 400 million euros in compensation for damages caused by the unilateral suspension of natural gas supplies over two years ago, as of the end of April 2022. The arbitration claim was lodged recently at the International Chamber of Commerce’s…
Poland is looking at the possibility of sending electricity generated by Polish power stations using Polish coal to Ukraine this winter, as its neighbour faces an energy crisis caused by Russian attacks against its infrastructure. Polish Prime Minister Donald Tusk, who met with Ukrainian President Volodymyr Zelensky on July 8, said that his government was…
Ukraine and its partners are constantly looking for solutions to accelerate the restoration of the Ukrainian energy sector and attract more support from the private sector. In particular, the possibilities of grant and investment programmes for energy recovery were discussed during a video meeting of the Ministry of Economy of Ukraine with the leadership of…