Skip to content
Edit post

US earmarks additional $500 million for Ukraine’s energy infrastructure

by Lance Luo November 17, 2023 2:05 AM 1 min read
U.S. senate building photographed in 2023. (Celal Gunes/Anadolu Agency via Getty Images)
This audio is created with AI assistance

The U.S. plans to allocate an additional $500 million to bolster Ukraine’s energy grid, local media reported on Nov. 16, citing Biden administration officials.

"The United States has already provided Ukraine with more than $520 million in aid for the energy sector. We know that another $500 million is on the way," said U.S. Assistant Secretary of State for Energy Resources Geoffrey Pyatt.

Money will be allocated to high-priority areas such as transformers and repair capabilities.

"Vladimir Putin tried to turn the winter cold into a weapon and use winter as a tool to break the will of the Ukrainian people. I am sure that he will fail.”

The Biden administration has been working with the Ukrainian government to build a more decentralized energy system that is fully integrated with Europe and less vulnerable to Russian aggression.

Energy operator: Power restored for 438,000 families after storm
Workers from DTEK, Ukraine’s largest private energy company, restored power for 438,000 families in Kyiv, Dnipropetrovsk, and Donetsk oblasts after gale-force winds battered Ukraine over the weekend, the company said on Oct. 30.

News Feed

8:42 PM

US-based CourtAvenue acquires Ukrainian AI firm BotsCrew.

CourtAvenue, an American artificial intelligence solutions company ranked among the fastest-growing private companies in the U.S., has acquired a controlling stake in BotsCrew, a Ukrainian company that develops chatbots for business, BotsCrew announced in a press release on Feb. 11.
6:02 PM  (Updated: )

US Treasury Secretary to visit Ukraine, meet Zelensky.

U.S. Treasury Secretary Scott Bessent will visit Ukraine this week to discuss a potential deal between Kyiv and Washington on critical minerals, Bloomberg reported on Feb. 11, citing undisclosed sources.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.