Ukraine Energy Fund Needs €650 Million for Winter Grid Repairs
Ukraine's Energy Support Fund needs €650 million to repair its power grid for winter. Donors are urged to contribute to enable critical equipment purchases and infrastructure repairs. Russia's winter attacks since 2022 have caused nearly $25 billion in direct damage.
Ukraine's Energy Support Fund requires an additional €650 million to repair its power grid before winter. The European Commission, Ukraine's Energy Ministry, and the Energy Community Secretariat urged donors to contribute to the fund ahead of the Ukraine Recovery Conference in Gdańsk, to enable the purchase of critical equipment and infrastructure repairs.
Since 2022, G7+ countries have channeled €1.95 billion through the fund to maintain Ukraine's grid under Russian attacks. First Deputy Prime Minister and Energy Minister Denys Shmyhal stated that while partners contributed over €300 million this year, the fund still faces a €650 million shortfall, warning that new contributions are essential to prevent project halts.
Russia has targeted Ukraine's energy system every winter since 2022, with the 2025-26 campaign involving over 257 strikes on power infrastructure by February, damaging or destroying all 15 thermal power plants. Direct damage to the energy sector is estimated at nearly $25 billion, with full reconstruction costs around $91 billion.
The URC 2026 conference, held on June 25-26 in Gdańsk, gathers approximately 5,000 participants, including heads of state and government officials. Prime Minister Yulia Svyrydenko leads Ukraine's delegation.