Germany has once again made funds available to repair Ukraine’s energy infrastructure, allocating €65 million ($68 million) to the Ukraine Energy Support Fund, Germany’s Economy Ministry announced on Tuesday.
The fund has been supported by international donors since 2022, following the start of Russia’s full-scale invasion of the country.
German Economy Minister Robert Habeck stressed that Ukraine’s civilian energy infrastructure continues to be the target of massive Russian air strikes.
“A collapse of the energy supply in the third winter of war would have catastrophic consequences for the Ukrainian economy and population,” said Habeck.
That makes support for Ukraine more important than ever, he said.
The German funds are not only intended to finance repairs to destroyed infrastructure, but also to promote green energy transition projects in Ukraine. According to the ministry, renewable energy projects are intended to strengthen the resilience of the Ukrainian energy system in the long term.
With the latest payment, Germany’s total participation in the fund will rise to €360 million by the end of 2024. Germany remains the largest donor to the fund, which has raised around €629 million since February 2022.