The World Bank will provide $70 million to support Ukraine's energy system
Category
Economics
Publication date

The World Bank will provide $70 million to support Ukraine's energy system

Cabinet of Ministers of Ukraine
Shmyhal

The World Bank will provide Ukraine with $70 million to support the stable functioning of the energy system.

Points of attention

  • The corresponding agreement was signed today in Washington with the Managing Director of the World Bank, Anna Bearde.
  • The Prime Minister expressed gratitude to the World Bank and all partners.

Ukraine will receive $70 million from the World Bank

This was announced by Prime Minister Denys Shmyhal.

The corresponding agreement was signed today in Washington with the Managing Director of the World Bank, Anna Bearde.

Denys Shmyhal

Denys Shmyhal

Prime Minister of Ukraine

The head of government noted that Ukrhydroenergo will use these funds to purchase energy storage systems.

This will create a reserve of electricity and strengthen our energy sustainability.

The Prime Minister expressed gratitude to the World Bank and all partners for supporting Ukraine's energy sector, which suffered significant damage as a result of Russian shelling.

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