Ukraine creates a strategic reserve for the energy sector — Shmyhal

As a result of negotiations with international partners in Brussels within the framework of the Ukraine Energy Support Fund, a decision was made to launch a strategic reserve for the energy sector; about these agreements announced Energy Minister Denys Shmyhal.

The new mechanism will start with an already available budget of €197 million, which will be directed towards building stockpiles and the logistics for their use in case energy facilities are damaged.

The reserve is intended to ensure the accumulation of critically important equipment for the sector in order to promptly carry out restoration and repair work, quickly respond to attacks on infrastructure, and guarantee a stable heating season.

Separately, Ukraine, together with partners, agreed on the amount of financial needs to prepare for the next winter: to fully ensure the operation of the energy system, €5.4 billion is required.

Discussions also touched on the restoration and additional protection of energy facilities, the supply of equipment for repair crews, and increasing sanctions pressure on Russian energy resources.

The introduction of the strategic reserve together with the agreed financing forms a systemic approach to increasing the resilience of Ukrainian energy under wartime conditions and preparing for possible future challenges.

Earlier we wrote:

• The RNBO launches a Resilience Plan for the regions: Kim outlined strengthening the protection of energy, water and heat
• €5 billion is needed to prepare for the next heating season, – Zelensky
• 20 thousand in hand per month: The Cabinet agreed on additional payments to “emergency workers” who restore rails, water, power and heat to people
• Ukrainian energy “on batteries”: how the US helps avoid blackouts
• Denmark pours hundreds of millions into the Mykolaiv region: will the money really reach the people?