The European Union has announced plans to transfer €160 million ($173 million) from frozen Russian assets to Ukraine, as concerns grow over the country’s energy situation ahead of winter.
Thermal Power Plants Destroyed
This move comes after 80% of Ukraine’s thermal power plants were destroyed by Russian forces during the ongoing conflict, leaving the nation facing its toughest winter yet, according to L'Independent.
According to the International Energy Agency (IEA), Ukraine's energy system has survived the past two winters, but this upcoming winter poses "the most severe challenge" so far.
The IEA emphasized the urgent need for Ukraine to restore damaged infrastructure to combat the approaching cold season. The situation is further complicated by the expected halt in Russian gas transit through Ukraine by the end of 2024, raising concerns not only for Ukraine but also for Moldova.
Bolster Energy Capabilities
In addition to the EU’s financial support, Berlin announced a further €400 million in military aid to Ukraine, despite its tight budget. This package is part of a broader international effort to bolster Ukraine’s defense and energy capabilities.
One of the critical projects in this effort is the reconstruction of a fuel-based power plant currently being dismantled in Lithuania.
European Commission President Ursula von der Leyen confirmed that the plant will be relocated and rebuilt in Ukraine to restore 2.5 GW of energy capacity — about 15% of Ukraine’s total energy needs.
Von der Leyen is set to visit Kyiv next week to further discuss the EU's ongoing commitment to supporting Ukraine in both military and energy sectors.
