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Austria will allocate 10 million euros to Ukraine: what will the money be spent on

byri by byri
March 3, 2023
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Austria will allocate 10 million euros to Ukraine: what will the money be spent on
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Prime Minister Denys Shmigal, during negotiations with the Federal Chancellor of Austria, stressed that Ukraine is counting on assistance in reconstruction and humanitarian demining.

Ukraine will receive 10 million euros from Austria. This money will be used to finance restoration work in the energy sector, according to the website of the Ukrainian government.

It is noted that Shmygal had a conversation with Austrian Federal Chancellor Karl Nehammer. He thanked him for 10 million euros for energy restoration, assistance with equipment and generators.

“We discussed support for the restoration of Ukraine. We count on Austria’s assistance in restoring infrastructure and humanitarian demining,” Shmyhal added.

The head of the Cabinet also noted that the parties discussed the situation at the ZNPP and the possibility of strengthening sanctions against Russia.

“Austria is among the countries that helped Ukraine overcome this winter and Russia’s energy terror,” Denys Shmyhal added.

What will happen to the Ukrainian energy system after the war

On March 1, 2023, Energy Minister German Galushchenko spoke at the Partnership for Transatlantic Energy and Climate Cooperation (P-TECC) forum in Zagreb and said that the decentralization of generating capacity will be one of the main short-term tasks, especially given the preparations for the next heating season.

And after the war, as the minister noted, the Ukrainian energy system will work on the principles of clean and safe energy.

“We will do this as quickly as possible. Gas turbines and gas piston generation, as well as renewable energy sources, can play a key role here,” the minister said.

Meanwhile, Ukraine is exploring the possibility of introducing a minimum limit on electricity consumption and setting new electricity tariffs, tying them to consumption volumes. As NEURC head Konstantin Uschapovsky explained, Ukrainians, who will consume more electricity, will pay “an adequate price” for electricity.

We also recall that on March 1, it became known that Ukraine plans to resume electricity exports to the EU. It will take some time to agree on this issue, but even taking this into account, without a serious deterioration in the situation in the energy system due to enemy attacks, it is realistic to resume electricity supplies to Europe.

Tags: Aid to Ukraine from AustriaallocateAustriaAustria allocated assistance to Ukraineenergy infrastructureeurosMILLIONMoney...repair of infrastructure in UkrainespentUkraine
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