Ukraine and Eastern Europe

Ukraine’s Ministry of Energy and Western partners have agreed to allocate more than €600 million in support for Ukraine’s energy sector following a meeting in Paris, according to Energy Minister Denys Shmyhal. The funding package includes more than €250 million in contributions to the Ukraine Energy Support Fund, a separate United States assistance programme worth $276 million through the SPARK project, and €71 million in humanitarian energy assistance from France to be provided during 2026. The Paris meetings brought together representatives of the European Union, the United States, the United Kingdom, Denmark, Canada, Latvia, Germany, the Netherlands, Norway, Poland, Finland, and France. The support comes as Ukraine faces urgent needs to expand its energy generation capacity. Ukrainian officials have said that around 9.5 GW of new capacity will be required in the near future to stabilise the country’s energy system.