EU chief travels to Kyiv with promise of fresh energy funds for Ukraine

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EU chief travels to Kyiv with promise of fresh energy funds for Ukraine - Business Standard

Quick Summary:

European Union chief Ursula von der Leyen is travelling to war-ravaged Ukraine on Friday with the promise of 160 million euros ($180 million) in fresh energy funds to get the nation through the winter.

The European Union estimates that about half of Ukraine's energy infrastructure has been destroyed, making the job of heating homes, hospitals and schools increasingly difficult as temperatures dip ahead of the third war winter that the nation will face.

Von der Leyen told reporters that 100 million euros ($112 million) of the funds would come from the proceeds of the Russian assets held in the EU because of the 2022 invasion of Ukraine.