Sweden Allocates $60 Million to Restore Ukraine’s Energy Infrastructure

The Swedish government announced a significant contribution of 650 million Swedish kronor (over $61 million) to support Ukraine’s energy system. This aid package will ensure the continued energy supply for critical infrastructure across Ukraine, including schools, hospitals, transportation networks, water treatment facilities, and businesses.

Swedish Minister for Cooperation and Foreign Trade, Johan Forssell, emphasized the importance of energy access for Ukraine’s societal development, economic stability, and business continuity.

“Russia’s targeted attacks on Ukraine’s energy grid aim to cripple essential social infrastructure. To bolster Ukraine’s resilience, we are significantly increasing our support for the energy sector,” stated Minister Forssell.

Earlier in spring, Ukrainian national energy grid operator Ukrenergo started implementing scheduled power restrictions to businesses and households throughout the country due to insufficient capacities of power plants following targeted Russian missile attacks.

The Swedish aid package is divided into two parts. A sum of 500 million Swedish kronor will be channeled through the Energy Community’s Ukraine Energy Support Fund. Additionally, 150 million Swedish kronor will be allocated through the United Nations Development Programme (UNDP).

“Considering the urgent needs, priority will be given to Kharkiv, but other areas of Ukraine, including Kyiv, Odesa, and Mykolaiv, will also be eligible for support,” read the statement.

As the Ukrainian energy system is being destroyed and energy prices are rising in Europe, Ukraine will offer its vision of restoring energy security through its Peace Formula during the Peace Summit in Switzerland in June.