The Icelandic government has allocated an additional €2.7 million to the Ukraine Energy Support Fund, bringing its total contribution to over €8.4 million. This funding aims to bolster Ukraine’s energy system as it prepares for the upcoming winter.
Ukrainian Energy Minister Denys Shmyhal emphasized that the resources from the fund are crucial for the ongoing maintenance and enhancement of the country’s energy infrastructure. The funds will facilitate both scheduled and emergency repairs, improve infrastructure protection, and help build reserves to address the needs of energy companies.
Since its inception in spring 2022, the Ukraine Energy Support Fund has signed more than 1,000 contracts for equipment supply, amounting to approximately €850 million. To date, energy companies in Ukraine have received essential energy equipment, services, and passive protection measures valued at over €618 million under these contracts. Additionally, contracts worth over €582 million have been signed since mid-November 2025 to strengthen the resilience of Ukraine’s energy system.
On March 5, the Ministry of Energy reported that Slovenia became the 37th country to join the Ukraine Energy Support Fund, contributing €500,000.
Iceland's recent contribution to the Ukraine Energy Support Fund highlights ongoing international efforts to assist Ukraine's energy sector. With significant investments already made, the fund plays a vital role in preparing the country's energy infrastructure for winter challenges.