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EU to allocate nearly 160 million euros in support for Ukraine

19.09.2024 14:33
European Commission President Ursula von der Leyen announced that the European Union will provide almost 160 million euros in aid to Ukraine, with the majority of these funds anticipated to be sourced from frozen Russian assets.
European Commission President Ursula Von der Leyen and Executive Director of the International Energy Agency (IEA) Fatih Birol hold a joint press conference to present the report from the IEA, Ukraines Energy Security and the Coming Winter, in Brussels, Belgium, 19 September 2024.
European Commission President Ursula Von der Leyen and Executive Director of the International Energy Agency (IEA) Fatih Birol hold a joint press conference to present the report from the IEA, Ukraine's Energy Security and the Coming Winter, in Brussels, Belgium, 19 September 2024.OLIVIER HOSLET/PAP/EPA

"We will allocate an additional 160 million euros for this winter," von der Leyen stated, detailing that this amount includes 60 million euros for humanitarian aid such as shelters and heaters, and about 100 million euros for repair and renewable energy projects.

She further noted that the 100 million euros will be sourced from frozen Russian assets in the EU, asserting that "Russia should pay for the destruction it has caused."

Von der Leyen highlighted that the winter goal is to restore 2.5 GW of power in Ukraine, which represents roughly 15% of the country's energy requirements.

Additionally, she mentioned that more than 10,000 generators and transformers have already been dispatched, and efforts are underway to dismantle a thermal power plant in Lithuania for transport and reactivation in Ukraine.

EU authorities estimate that the total support for Ukraine's energy sector since February 2022 amounts to at least 2 billion euros, not including donations.

Source: IAR/PAP/X/@EC_AVService/@TWMCLtd

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