Feb 19 β€’ 17:09 UTC πŸ‡ΊπŸ‡¦ Ukraine Ukrainska Pravda

Energy minister says France to provide over €70 million in grant support to Ukraine

Ukraine's Energy Minister announced that France will assist with over €70 million in grant funding primarily for the energy sector.

Denys Shmyhal, Ukraine's Energy Minister and First Deputy Prime Minister, announced that France will provide more than €70 million in grant support to assist Ukraine, particularly in the energy sector. This announcement came following a meeting between Shmyhal and Roland Lescure, France's Minister of the Economy, which signified a strengthening of bilateral relations and cooperation in energy matters, especially nuclear energy.

The financial aid from France is part of a broader strategic partnership aimed at revitalizing Ukraine's energy infrastructure, which has faced significant challenges due to ongoing conflicts and the need for modernization. The signing of a cooperation document during their meeting underscores a commitment to work together to enhance Ukraine's capabilities in nuclear energy. Shmyhal emphasized the importance of this agreement in laying the groundwork for future collaborations and efforts aimed at the recovery of Ukraine's energy sector.

Shmyhal expressed gratitude towards the French government for their support, highlighting the vital role international assistance plays in Ukraine’s energy strategy. The funding will not only help in immediate recovery efforts but is also aimed at ensuring the long-term sustainability and efficiency of Ukraine's energy resources, particularly amidst ongoing geopolitical tensions that impact the region's energy security.

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