Ukraine has found a way to earn billions of dollars – Ministry of Energy

Export lines are already ready for countries such as Romania, Hungary, Slovakia and Poland.

Export of electricity will allow Ukraine to earn 1.5 billion euros by the end of 2022 / REUTERS illustration
Export of electricity will allow Ukraine to earn 1.5 billion euros by the end of 2022 / REUTERS illustration

The export of electricity will allow Ukraine to earn 1.5 billion euros by the end of 2022. However, due to rising energy prices, Russia earns even more than planned.

According to an UNIAN correspondent, Lana Zerkal, adviser to the Minister of Energy, spoke about this during an interview with Suspilny.

According to her, Ukraine has started exporting electricity to the countries of the European Union. Export lines are already ready for countries such as Romania, Hungary, Slovakia and Poland.

“We can earn billions of dollars on these sales. In particular, by the end of this year we will be able to earn up to 1.5 billion euros. We managed to start the commercial flow of electricity actually 2.5 years earlier than planned. overtook the Baltic countries, which are only in the middle of this path – they will start exporting no earlier than 2025. There were a lot of doubts about whether we could work disconnected from Russia. And we were able to enter an isolated mode 4 hours before the start of the war,” Mirror said.

She stressed that Ukraine produces much more electricity than we need, so we can ensure this export and receive billions of euros annually in the state budget.

Zerkal also noted that the sale of oil and oil products is the main way for Russia to cover the costs of the war. Considering that energy prices have risen a lot this year, Russia is earning even more than it planned. Therefore, the introduction of an oil embargo is a step towards depriving the Russian Federation of the opportunity to earn on this market.

Electricity export: 

President Volodymyr Zelensky said on June 7 that Ukraine is doing everything possible today to increase the possibility of exporting electricity . According to the president, the capacities available in Ukraine will allow this to be achieved.

“We are doing everything to increase our ability to export electricity. This will allow us to do this with the capacities available in Ukraine. And after the historical accession of our state to the unified energy grid of Europe, such exports not only allow us to increase our foreign exchange earnings, but also directly influence the stabilization of the energy situation in neighboring countries that are reducing the consumption of Russian energy resources,” the president said.

(C)UNIAN 2022

6 comments

  1. And we were able to enter an isolated mode 4 hours before the start of the war,” Mirror said………………….Not too late….the Leadership knew the dat of the invasion.

    Liked by 4 people

  2. “Considering that energy prices have risen a lot this year, Russia is earning even more than it planned.”
    The sad sack in the Yellow House could end this in short order if he would allow our oil and gas production to rev up again.

    Liked by 3 people

    • What Mr. Magoo is doing is hurting the whole world. Its a travesty. First, hurting the US economy. Secondly, raising the price of energy all over the world. And lastly that was the ONE sanction that really hurt putin.
      If he allowed the US to start producing energy again, as Trump did, all the prices would come down to the point putin couldn’t make any money on his sales. Remember a few years back when putin went to OPEC and demanded they slow down production?

      Liked by 3 people

      • As hard as I try, I cannot understand Joe’s mentality. I understand the need to move away from fossil fuels, but not like this. Avoiding the destruction to our economy and disallowing a monster to wage war should take priority … should replace his pink-bubbled dream of a carbonless world. We need alternatives before we can achieve that, regardless how you look at it.

        Liked by 2 people

  3. If developers have the permits what keeps them from drilling? Same story different day of controlled opposition. Two sides whom do everything to undermine the others agenda leaving a bunch of mad people and nothing getting done. Propaganda is the frankenstein that left the building in the U.S. of A.

    Like

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