• About
  • Advertise
  • Privacy Policy
  • Contact
Monday, October 20, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

EU To Send €160m From Frozen Russian Assets To Ukraine

Comfort Ampomaaby Comfort Ampomaa
September 19, 2024
Reading Time: 3 mins read
Comfort Ampomaaby Comfort Ampomaa
in Europe
0
EU To Send €160m From Frozen Russian Assets To Ukraine

President of the European Commission Ursula Von der Leyen (R) and Fatih Birol, Executive Director of the International Energy Agency (IEA) hold a press conference on the energy security of Ukraine and Moldova as winter approaches and Russia's invasion of Ukraine continues, at the European Commission headquarters.

European Commission President, Ursula von der Leyen has stated that the sum of €160m from the proceeds of frozen Russian assets will be allocated to meet Ukraine’s urgent humanitarian needs for this winter.

This was announced at a joint press conference with the Executive Director of the International Energy Agency, Fatih Birol on Thursday, September 19, 2024.

She added that a fuel power plant is being dismantled in Lithuania and will be rebuilt in Ukraine, where 80% of the country’s thermal plants have been destroyed.

RelatedPosts

Zelenskyy Skeptical Of Budapest As Trump-Putin Meeting Venue

Louvre Heist Casts France In “Deplorable” Light

Trump-Putin Meeting In Budapest Cautiously Welcomed

“We aim to restore 2.5 gw of capacity, which is 15% of Ukraine’s needs,” von der Leyen said.

The International Energy Agency (IEA) disclosed on Thursday that Ukraine’s energy infrastructure was under great pressure due to increasing Russian attacks on power plants, heating plants and transmission grids.

“Strains that are bearable in the summer months may become unbearable when temperatures start to fall and supplies of heat and water falter, triggering further displacement of affected populations across the country and abroad,” the energy agency said.

ADVERTISEMENT

“Ukraine’s international partners have been providing much-needed equipment and aid throughout the war, but today’s acute situation demands further support,” the agency’s report added.

The situation could worsen as the days get shorter and colder, it said, with power supply to hospital, schools and other important facilities as well as the heat supply to major cities at risk.

“Ukraine’s energy system made it through two successive winters since Russia’s invasion, but the third promises to be the sternest of tests.”

The report said that in 2022 and 2023 “about half of Ukraine’s power generation capacity was either occupied by Russian forces, destroyed or damaged, and approximately half of the large network substations were damaged by missiles and drones”.

With Ukraine having lost more than two-thirds of its electricity production capacity since the Russian invasion, the report warned of a “yawning gap between available electricity supply and peak demand”.

It urged European countries to expedite deliveries of equipment and parts to rebuild the damaged facilities and called for measures to protect them from drones.

It also recommended increasing electricity and gas import capacity from the EU, accelerating the decentralisation of electricity production and greater investment in energy efficiency.

It estimated the cost of necessary repairs and upgrades at $30bn.

According to Ukrainian Energy Minister German Galushchenko, from October 2022 to September 2024, Russian forces attacked Ukrainian energy infrastructure 1024 times.

The attacks have affected 18 GW of generation capacity, including hydropower plants, thermal power stations, and Europe’s largest nuclear plant, the Zaporizhzhia Nuclear Power Plant.

Ursula Von Der Leyen Announces Visit To Ukraine

AA1qQ0k9
President of the European Commission Ursula Von der Leyen speaks during a press conference on the energy security of Ukraine and Moldova as winter approaches and Russia’s invasion of Ukraine continues, at the European Commission headquarters.

As the bloc seeks to help Ukraine weather Russian attacks on its energy infrastructure, European Commission President, Ursula von der Leyen announced that she will travel to Kyiv tomorrow, Friday, September 20, 2024.

“I will be travelling to Kyiv to discuss these matters in person with President Zelenskyy tomorrow in our efforts to help Ukraine,” von der Leyen told the press conference in Brussels.

Von der Leyen is expected to discuss the European Union’s support in ensuring the country’s energy security ahead of the winter season meet with Ukrainian President Volodymyr Zelenskyy.

“The heating season begins in two weeks,” she said.

“As temperatures drop, the EU is ready to intensify its support for Ukraine. We are preparing for winter together,” she iterated.

READ ALSO: Sammy Gyamfi Slams Government for Failing to Employ Allied-Health Professionals

Please login to join discussion
Previous Post

Starmer Faces Backlash Over Donations And Aide’s Salary

Next Post

Ghana’s Economy Surges with 5.8% GDP Growth Recovery

Subscription Form

Related Posts

Russia Accuses Ukraine Of Postponing Prisoner Exchange
Europe

Zelenskyy Skeptical Of Budapest As Trump-Putin Meeting Venue

October 20, 2025
A member of a forensic team inspects a window believed to have been used in a robbery at the Louvre Museum in Paris, France, on October 19, 2025.
Europe

Louvre Heist Casts France In “Deplorable” Light

October 20, 2025
Trump To Meet Putin In Hungary For Talks On Ukraine War
Europe

Trump-Putin Meeting In Budapest Cautiously Welcomed

October 20, 2025
German Chancellor Friedrich Merz speaks in the bundestag.
Europe

Merz Calls For Stronger German Leadership Within EU

October 16, 2025
France’s new Prime Minister, Sébastien Lecornu
Europe

Lecornu Survives Two No-Confidence Votes

October 16, 2025
EU Likely To Not Reach 1m Round Ammunition Target For Ukraine
Europe

Germany Pledges More Military Aid For Ukraine

October 15, 2025
US President, Donald Trump and Australian Prime Minister, Anthony Albanese sign rare earth deal.
USA

US, Australia Ink Rare Earth Mineral Deal

by Comfort AmpomaaOctober 20, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
Vaultz Business

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

by Silas Kafui AssemOctober 20, 2025
No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition
General News

No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition

by Emmanuel Tibila BoasahOctober 20, 2025
Dr Justice Srem Sai, Deputy Attorney General and Minister for Justice
General News

AG’s Office Awaits OSP’s Docket to Trigger Ofori-Atta’s Extradition — Deputy Attorney-General

by evansjrOctober 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
Vaultz Business

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

by M.COctober 20, 2025
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions
Economy

20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

by Michael Teye-Bio NaduteyOctober 20, 2025
US President, Donald Trump and Australian Prime Minister, Anthony Albanese sign rare earth deal.
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition
Dr Justice Srem Sai, Deputy Attorney General and Minister for Justice
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

Recent News

US President, Donald Trump and Australian Prime Minister, Anthony Albanese sign rare earth deal.

US, Australia Ink Rare Earth Mineral Deal

October 20, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

October 20, 2025
No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition

No Bad Blood Between OSP and AG’s Office – Sammy Darko Confirms Ofori-Atta’s Docket Nears Submission for Extradition

October 20, 2025
Dr Justice Srem Sai, Deputy Attorney General and Minister for Justice

AG’s Office Awaits OSP’s Docket to Trigger Ofori-Atta’s Extradition — Deputy Attorney-General

October 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

October 20, 2025
20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

20% Appreciation of the Cedi Will Hurt the Totality of the Economy, Economist Cautions

October 20, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address