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Electricians from DTEK inspect damaged equipment on an electricity pylon in Kyiv Oblast, Ukraine, on Jan. 14, 2026. (
Business

Ukraine's race to winter: a 5.4-billion-euro plan, and a problem paying for it

by Dominic Culverwell

As Russian drones and missiles continue to pound Ukraine's war-damaged energy infrastructure, Kyiv is struggling to find funding for a 5.4 billion euro ($6.2 billion) "energy resilience plan" first announced in spring. The next few months are a race against time to prepare for what energy experts warn will be another difficult winter under constant Russian bombardment. Ukraine not only needs to repair equipment after Russia wiped out nine gigawatts of power generation last winter, but also deve

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Ukraine's race to winter: a 5.4-billion-euro plan, and a problem paying for it

As Russian drones and missiles continue to pound Ukraine's war-damaged energy infrastructure, Kyiv is struggling to find funding for a 5.4 billion euro ($6.2 billion) "energy resilience plan" first announced in spring. The next few months are a race against time to prepare for what energy experts warn will be another difficult winter under constant Russian bombardment. Ukraine not only needs to repair equipment after Russia wiped out nine gigawatts of power generation last winter, but also deve

Electricians from DTEK inspect damaged equipment on an electricity pylon in Kyiv Oblast, Ukraine, on Jan. 14, 2026. (

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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