Germany to provide 40 million euros for energy modernization of Ukraine

Source : 112 Ukraine

The money is planned to be spent on programs to reduce greenhouse gas emissions, development of energy saving technologies and resource saving in construction
16:43, 29 September 2018

The Ministry of Economic Development and Trade of Ukraine began negotiations with representatives of Germany on attracting financing for the energy efficiency programs of Ukraine an additional 40 million euros. This is reported by the press service of the Ministry of Economy.

In particular, the funds will be directed to programs aiming to reducing greenhouse gas emissions, the development of energy-saving technologies and resource-saving in construction.

In addition, Germany can finance government initiatives regarding energy reform.

Among other things, at a meeting between the representatives of the Ministry of Economy and the German embassy, they discussed the state of implementation of the existing projects, which are financed by the German government in Ukraine. Their total value now exceeds 16 million euros.

We recall that US President Donald Trump approved the draft budget of the Ministry of Defense for 2019, which provides for an increase in aid to Ukraine to $ 250 million.

‘The levels of assistance to our country in areas of security and defense through the Pentagon increased by $ 50 million compared with the budget for 2018,’ Ukrainian diplomats claimed. 

The Embassy stressed that they highly appreciate the increasing support of Ukraine by the key strategic partner against Russian aggression.

As it was reported earlier, the U.S. Senate’s House of Representatives supported allocating $250 million to Ukraine for the security and defense. The document includes major fundamental provisions of the bill on "Cooperation with Ukraine in the cyber-security sphere", which in particular provides for strengthening defensibility against cyber-attacks, securing governmental computer networks, reducing dependencies on Russian informational and communicational technologies, aiding in participation in information exchange programs.

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