"As Russia continues its ruthless attacks on Ukrainian infrastructure, leaving millions without electricity, water, and heat, Canada is proud... to continue the important work it is doing to help Ukraine repair its critical infrastructure," Canadian Foreign Minister Melanie Joly said in a statement.
The Trump administration dealt a blow to Russia's energy sector last week after it let lapse an exemption allowing Russian banks to use U.S. payment systems for energy transactions. The move closed an important financial channel for Russian oil and gas exports and comes as Washington looks for ways
The Trump administration toughened sanctions on Russia's oil and gas industry on March 13 by not renewing an exemption that allows Russian banks to access U.S. payment systems to conduct energy transactions.
Iceland will allocate over 2 million euros ($2.17 million) to Ukraine's Energy Support Fund, the Ministry of Energy reported on March 11.
Oil and gas revenues last month amounted to 771.3 billion rubles ($8.6 billion), a significant drop from 945.6 billion rubles ($10.5 billion) in February 2024 and a moderate decrease in comparison to 789.1 billion rubles ($8.8 billion) in January.
Ukraine plans to import about 3.5 billion cubic meters of gas for the upcoming heating season due to ongoing Russian attacks on its energy infrastructure, Bloomberg reported on March 4.
Key developments on Feb. 28: * Zelensky, Trump get into heated argument while speaking with journalists in Oval Office * US terminates support for Ukraine's energy grid restoration, NBC reports * Trump may halt all military aid to Ukraine following Oval Office clash, WP reports * Kremlin officials tout Zelensky-Trump clash as 'historic' * Italy
Within weeks of U.S. President Donald Trump saying he wanted to do a deal with Kyiv on its “rare earths and other things,” it became clear the U.S. wasn’t just interested in Ukraine’s critical minerals and rare earth elements. U.S. Treasury Secretary Scott Bessent visited
"The purpose of these criminal attacks is to stop the production of gas needed to meet the household needs of citizens and centralized heating," Energy Minister Herman Halushchenko said.
The Russian government has allowed several companies to abandon the modernization of over a dozen power plants across the country, the Russian news agency Interfax reported.
Editor’s note: This is issue 13 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Feb. 3–Feb. 9, 2025. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international
Ukraine's parliament voted in favor of buying two Russian-made reactors from Bulgaria for the Khmelnytskyi Nuclear Power Plant, lawmaker Yaroslav Zhelezniak said on Feb. 11.
The European Union and NATO must strengthen cooperation to protect critical energy infrastructure from attacks, which pose a growing threat to European stability. The Kremlin, with its history of weaponizing energy, remains a prime suspect. NATO must properly secure the Baltic Sea — the so-called NATO lake. The Baltic states achieved
Ukraine is maintaining high levels of gas imports from the EU after a series of Russian missile attacks on its gas facilities, according to a Reuters report on Feb. 9.
"This legacy of occupation meant that Moscow - which uses energy as a weapon - had control of the frequency," the ministry said in a statement on X. "That’s a critical element in maintaining reliable power supply. That dependency ends today!"
The project, funded by the Italian government, aims to make Ukraine's energy system "more resilient and decentralized" in accordance with the "Build Back Better" principle.
Emergency power shutdowns were introduced in eight Ukrainian oblasts due to higher consumption and Russian attacks on the country's energy system, Ukrenergo, Ukraine's state grid operator, reported on Feb. 4.
The European Commission and Moldova signed a two-year strategy for energy independence and resilience, allocating 250 million euros ($258 million) to Chisinau in 2025, the commission said on Feb. 4.
The restrictions were applied in seven oblasts to prevent the collapse of the energy system, according to Ukraine's state grid operator Ukrenergo.
Nearly three years into the war, Ukrainians have grown used to bracing for brutal winters with electricity blackouts and heating cuts from Russian attacks on the country’s energy infrastructure. This winter was predicted to be one of the toughest ones of the war yet. In a worst-case scenario, blackouts
Norway’s government has effectively become a war profiteer, we argued in a commentary in December. It is an opinion shared by a number of European politicians, and by European and Norwegian media. But rather than paying attention, Norway’s government is getting defensive. The basic facts are not up
The following is the Jan. 29, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine's largest private energy company, DTEK, announced plans on Jan. 22 to invest 450 million euros ($468 million)
Earlier the same day, the Financial Times (FT) reported that EU officials are discussing the possibility of resuming purchases of Russian gas as part of a potential settlement of Russia's war in Ukraine.
Hungary’s Foreign Minister Peter Szijjarto said in a statement that his country has "received the requested guarantees" regarding energy security.
In 2024, 233 generating units with a total capacity of over 830 MW were connected, including gas turbines, pistons, and cogeneration units.
Following his visit to Kyiv, Dutch Foreign Minister Caspar Veldkamp announced 27 million euros ($27.8 million) in new aid for Ukraine on Jan. 16.
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on Russia’s financial systems and energy sector. The U.S. originally threatened Russia with “the mother of all sanctions” as Moscow prepared to invade Ukraine in February 2022.
Russia claimed it had damaged ground facilities at one of Ukraine's largest natural gas storage sites in Lviv Oblast during a series of missile and drone attacks on Jan. 15.
The following is the Jan. 15, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Metinvest, Ukraine's largest steel producer, said on Jan. 14 that it had suspended operations at the Pokrovsk coking
Vadim Krasnoselsky, the head of Moldova's Russian-controlled region of Transnistria, held talks in Moscow regarding the region’s energy crisis, Russian state news agency TASS claimed on Jan. 14, citing sources within Transnistria's administration.
Slovak Prime Minister Robert Fico called Ukraine an unreliable partner and accused President Volodymyr Zelensky of blackmailing European leaders for support at a parliamentary meeting on Jan. 10.
Ukraine’s decision to end the gas transit deal with Russian energy giant Gazprom has been hailed by President Volodymyr Zelensky as one of Moscow’s biggest defeats. "When (Russian President) Vladimir Putin was handed power in Russia over 25 years ago, the annual gas pumping through Ukraine to Europe
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