US Senators propose over $1.8 billion to rebuild Ukraine's energy sector
US investments should help "reduce the dependence of Eastern European countries on russian energy supplies"
Two US senators have introduced a bill to the upper house of Congress that would allocate more than $1.8 billion to rebuild Ukraine's energy sector.
Source. This was reported by the Voice of America.
In a statement, Senate Foreign Relations Committee Chairman Robert Menendez says the bill is aimed at "attracting American investment in Ukraine's energy infrastructure and strengthening energy security in Eastern Europe."
It provides for "assistance in the restoration and modernization of Ukraine's energy infrastructure, as well as investment and technical assistance in Europe and Southeast Europe to reduce the region's dependence on russian energy resources."
The initiative was developed by Menendez and Senator Jim Risch, the senior Republican on the Foreign Relations Committee.
They propose to allocate a total of $1.88 billion for these purposes through the State Department and the US Agency for International Development.
More than $1 billion of this amount is to be used to "support the restoration, security, and modernization of Ukraine's energy sector" and at least $500 million to "reduce the dependence of Eastern European countries on russian energy supplies."
Background. In late June, it was reported that, according to a Reuters poll, the number of Americans who supported the provision of weapons to Ukraine had increased by 20%.
If you have read this article to the end, we hope that means it was useful for you.
We work to ensure that our journalistic and analytical work is of high quality, and we strive to perform it as competently as possible. This also requires financial independence. Support us for only UAH 196 per month.
Become a Mind subscriber for just USD 5 per month and support the development of independent business journalism!
You can unsubscribe at any time in your LIQPAY account or by sending us an email: [email protected]
