EKO HOT BLOG reports that the United Kingdom (UK) has vowed to “turn the light on in Ukraine”.
Exports Minister Andrew Bowie attended ‘Ukraine: Turning the Lights Back On – A supply procurement event’ to discuss government support in working together with Ukraine in meeting its short-term energy needs this winter.
Mr Bowie gave a speech to attendees outlining how the government is fully committed to supporting Ukraine in the fight against Russia’s illegal and unprovoked war.
He pledged £10 million to the Ukraine Energy Support Fund – more than any other nation, and enough to deliver 850 generators to keep hospitals treating patients and keep powering critical infrastructure; $50 million guarantee to Ukraine’s public energy provider, Ukrenergo, through the European Bank for Reconstruction and Development to keep their power network running; £5 million for safety and security equipment to keep Ukraine’s nuclear energy sector going; and for UK Export Finance, the UK’s world leading export credit agency, to provide finance and insurance against war risks including half a billion-pound war chest to deploy in Ukraine and already supports British businesses with export insurance covering the risk of non-payment.
He said: “The scale of damage to infrastructure and livelihoods in Ukraine due to Putin’s illegal war is catastrophic. Ukraine needs critical assistance from the UK supply chain to help restore power in areas where essential infrastructure has been destroyed.
“This government is committed to supporting Ukraine. That’s why this winter we have a range of support packages, including providing £10m to the Ukraine Energy Support Fund – more than any other nation.
“Working together with industry, let’s do everything we can to support Ukraine, to keep the lights on, to keep hospitals running, to keep people warm – and to win their fight for freedom.”
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