G7 energy ministers confirm readiness to help Ukraine restore power system after Russian attacks
The energy ministers of the “Group of Seven” countries condemned the latest Russian attacks on Ukraine’s energy infrastructure and reaffirmed their readiness to continue supporting Kyiv in restoring the energy system. This is stated in the G7 joint statement.
The document emphasizes that Russia’s war against Ukraine has serious consequences for the country’s energy security and poses a threat to the civilian population. The G7 reaffirmed its “unwavering support for Ukraine in defending its territorial integrity, freedom, sovereignty and independence,” the statement said. “We share our united support for Ukraine and the Ukrainian people, who have shown courage and resilience in the face of ongoing challenges.” The ministers condemned the recent Russian attacks on gas infrastructure, which have put civilians at risk and undermined Ukraine’s energy security. They also expressed their gratitude to Ukrainian energy workers who, despite the dangers, continue to restore electricity and heat to communities. The G7 reaffirmed its commitment to ensuring Ukraine’s energy needs, both for the sustainable operation of the economy and for its people. In particular, the countries will continue to coordinate assistance through the G7+ Ukraine Coordination Group and the Ukraine Energy Support Fund, support the protection of energy infrastructure, cooperate with the IAEA to ensure nuclear safety, promote the diversification of energy supply, and develop a decentralized and sustainable energy system in Ukraine.
The G7 emphasized that rebuilding Ukraine is a “huge but critically important task” that requires the participation of both the public and private sectors. The ministers noted that Ukraine can become an example of energy security and technological innovation in the region.
To achieve this goal, the “G7” will continue to provide financial assistance, credit lines, risk insurance and support for private investment, coordinated through the European Bank for Reconstruction and Development and the Donor Platform for Ukraine.
The G7 also recalled the sanctions against Russia aimed at reducing its energy revenues and pledged to step up the fight against the shadow tanker fleet that helps Moscow circumvent restrictions.
“We recognize that Ukraine has the potential to become a model in creating a modern, sustainable and decentralized energy system”, the ministers noted in a joint statement.
In the final part, the G7 welcomed the adoption of the Statement on Ukraine’s Energy Security, signed by Australia and Ukraine.
