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Canada Boosts Ukraine's Energy Resilience
18 Feb
Summary
- Canada will supply oil and gas equipment on favorable terms.
- Renewable energy investments and hydropower reconstruction are prioritized.
- Joint efforts will counter hybrid threats to energy infrastructure.
Canada and Ukraine have established a strategic energy partnership, aiming to bolster Ukraine's energy resilience amidst ongoing Russian aggression. This collaboration will see Canada work with its industries to provide crucial oil and gas equipment to Ukraine under favorable financial terms.
Furthermore, the partnership emphasizes increased investment in Ukraine's renewable energy projects and the reconstruction of its hydropower plants. Both governments will conduct joint risk assessments and exercises designed to counter hybrid threats directed at critical energy infrastructure.
This agreement also includes sharing technical advice to develop infrastructure for non-Russian gas supplies, strengthening commercial relations, and enhancing nuclear fuel supply. The initiative seeks to modernize Ukraine's energy sector under challenging circumstances.
