On November 21, foreign ministers of the Group of Seven (G7+) industrialized countries and major partners reaffirmed their commitment to supporting the protection and restoration of Ukraine's energy sector amid the destruction of the Eastern European country's essential infrastructure due to conflict.
At the G7+ Foreign Ministers' Meeting on Ukraine, co-chaired by US Secretary of State Antony Blinken and Japanese Minister of State for Foreign Affairs Iwao Horii, delegates reviewed the provision of critical equipment such as high-capacity transformers and emergency energy storage systems that Ukraine could use to stabilize the power grid and ensure the continuity of essential services such as heating and water treatment.
Partner countries also pledged to support Ukraine in protecting existing infrastructure and helping to accelerate recovery.
Building on the Ukraine Reconstruction Conference (URC) last June in London (UK), the G7+ group agreed to support the vision of supporting Ukraine in building a cleaner energy system that is resilient to climate change and fully integrated with the European energy system.
The G7+ foreign ministers welcomed Ukraine's adoption of the Regulation on Integrity and Transparency of Wholesale Energy Markets and anti-monopoly law to create a favorable business environment and thereby increase the attraction of private investment.
Efforts to reform the energy sector are expected to help turn Ukraine into a clean energy hub, part of the global energy supply chain and a future member of the European Union (EU).
According to plan, the next conference on Ukraine's reconstruction will take place in June 2024 in Berlin (Germany).
According to VNA