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Ukraine to receive $800 million from US for its energy sector

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Ukraine to receive $800 million from US for its energy sector
Photo for illustrative purposes. An energy worker walks through a destroyed control room at a DTEK power plant in an undisclosed location in Ukraine on April 19, 2024, amid the Russian invasion of Ukraine. (Genya Savilov/AFP via Getty Images)

Ukraine is set to receive $800 million from the U.S. to help stabilize its severely damaged energy infrastructure, Yulia Svyrydenko, Ukraine's First Deputy Prime Minister, announced during her visit to Washington on Aug. 31.

The announcement comes amid local media reports that Kyiv is considering the dismissal of Volodymyr Kudrytskyi, head of Ukrenergo, the state-run company managing Ukraine's power grid, due to dissatisfaction with the quality of power protection.

According to Svyrydenko, the funds will be allocated to essential equipment for immediate repairs to Ukraine's power facilities, which have been heavily damaged by nearly two years of Russian airstrikes.

Russia has repeatedly launched mass attacks on Ukraine's energy grid to cripple the country's ability and resolve to resist the invasion. These assaults began during the fall-winter period of 2022-2023 and resumed in the spring of 2024.

Following a brief lull over the summer, which allowed Ukraine to restore some of its energy capacity, Russia has renewed its attacks in recent days, once again forcing restrictions on energy consumption. Russian drones and missiles have reportedly damaged about 50% of Ukraine's pre-war power generation capacity, based on government estimates.

"Ukraine's energy infrastructure urgently requires restoration, and in this context, our U.S. partners play a crucial role," Andriy Yermak, head of Ukraine's presidential office, said on Telegram.

EU allocates nearly $110 million to restore, protect Ukraine’s energy system
Representatives of Ukraine’s state energy grid operator, Ukrenergo, and the KfW Development Bank signed an agreement worth 100 million euros (nearly $110 million) for energy projects, Ukrenergo announced on July 19.
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Olena Goncharova

Head of North America desk

Olena Goncharova is the Head of North America desk at The Kyiv Independent, where she has previously worked as a development manager and Canadian correspondent. She first joined the Kyiv Post, Ukraine's oldest English-language newspaper, as a staff writer in January 2012 and became the newspaper’s Canadian correspondent in June 2018. She is based in Edmonton, Alberta. Olena has a master’s degree in publishing and editing from the Institute of Journalism in Taras Shevchenko National University in Kyiv. Olena was a 2016 Alfred Friendly Press Partners fellow who worked for the Pittsburgh Post-Gazette for six months. The program is administered by the University of Missouri School of Journalism in Columbia.

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"I don't know if it’s gonna affect Russia, because he (Russian President Vladimir Putin) wants to obviously probably keep the war going, but we're gonna put tariffs and various things," U.S. President Donald Trump said.

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