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    EU to send 160 million euros from frozen Russian assets to Ukraine

    By Julia Payne,

    2024-09-19
    https://img.particlenews.com/image.php?url=2EGeZt_0vbtklFD00

    By Julia Payne

    BRUSSELS (Reuters) -The sum of 160 million euros from the proceeds of frozen Russian assets will be allocated to meet Ukraine's urgent humanitarian needs for this winter, European Commission President Ursula von der Leyen said on Thursday.

    Russia has knocked out about 9 gigawatts (GW) of Ukraine's energy infrastructure, which von der Leyen said was the "power equivalent of the three Baltic states".

    On top of the cash injection, the EU will help with repairs and additional exports. The International Energy Agency said on Thursday that Ukraine could face a shortfall of 6 GW this winter as peak electricity demand increases.

    A fuel power plant is being dismantled in Lithuania and will be rebuilt in Ukraine, where 80% of the country's thermal plants have been destroyed. A third of Ukraine's hydropower is also out.

    "We aim to restore 2.5 GW of capacity, which is 15% of Ukraine's needs," Von der Leyen said, referring to repairs.

    In addition, the EU will increase exports to supply 2 GW of electricity to Ukraine, she said.

    (Reporting by Julia Payne, Writing by Charlotte Van Campenhout, Editing by Philippa Fletcher and Christina Fincher)

    Related Search

    Eu aid to UkraineFrozen Russian assetsUkraine'S energy crisisEu-Russia relationsEuropean CommissionUrsula von der Leyen

    Comments / 5

    Add a Comment
    Fred Gryca
    09-22
    SOUNDS LIKE HE HAS BEEN FOLLOWING TRUMP'S "BUSINESS MODEL" !!!
    jim young
    09-19
    ooo that had to hurt!
    View all comments

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