Bank Of Baku

Ukraine eyes billions in euros from Europe electricity exports

Ukraine eyes billions in euros from Europe electricity exports
# 08 June 2022 22:59 (UTC +04:00)

Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn to more in the future after obtaining the right to export its energy there, a Ukrainian energy ministry adviser said on Wednesday, APA reports citing Reuters.

"By the end of the year, under normal circumstances, we will be able to earn about 1.5 billion euros," she said, adding that Ukraine's system was working in sync with the European Union's system.

"We started this in March, and now the EU is opening up to us the technical opportunity to start commercial flows and make money from it. It is very important to us that ... despite the war we were able to do it 2.5 years earlier than planned," she said.

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