With Sweden’s contribution to the Ukraine Energy Support Fund, total lifetime contributions reach €2 billion

Sweden has contributed an additional €123 million to the Ukraine Energy Support Fund, bringing Sweden’s overall contribution to over €386 million.

With Sweden’s new contribution, the Ukraine Energy Support Fund increased the total volume of contributions since its establishment to more than €2 billion, the Fund announced on 8 July.

EU Commissioner for Energy and Housing Dan Jørgensen said this event marked an “important milestone”. 

“With contributions worth over €2 billion to the Fund, countries around the world are clearly proving that Ukraine is not alone. And what drives the fund is simple: solidarity,” he said. “While Russia keeps targeting relentlessly civilian energy infrastructure, we respond with unwavering support. We will keep protecting, rebuilding and standing behind Ukraine’s energy system and its future in Europe for as long as it takes.” 

According to the Fund press release, Sweden’s new contribution is “particularly timely, arriving as the Fund is in the midst of winterisation efforts – supported by a newly optimised procurement process and the establishment of a strategic equipment reserve.”  

In agreement with the European Commission and the Ministry of Energy of Ukraine, the Ukraine Energy Support Fund (UESF) was established to counteract the impact of the Russian attacks targeting critical energy infrastructure. The Fund enables governments, international financial institutions and international organisations, as well as corporate donors, to provide financial support to the Ukrainian energy sector’s efforts to repair that damage and keep functioning. Contributions to the Fund are used to finance the most urgent needs of Ukrainian energy companies such as equipment, spare parts and other technical items, as well as fuels and services needed to repair infrastructure and maintain energy and heat supply in Ukraine.