Ukraine will increase export of electricity to European Union, says Volodymyr Zelensky

Volodymyr Zelensky

Ukrainian President Volodymyr Zelensky (File image)

Photo : AP

Kyiv: Ukrainian President Volodymyr Zelensky on Wednesday said that his country would increase its export of electricity to the European Union. Notably, the EU is facing an energy crisis after the Russian invasion of Ukraine.
We are preparing to increase our electricity exports to consumers in the European Union, Zelensky said as quoted by AFP. Zelensky’s announcement came after Russia drastically slashed its gas supply to the European countries in retaliation to sanctions imposed against it.

The Ukrainian President said that exports would not only result in an increase in his country’s income but also help allies to resist Russian energy pressure. He further added that his government would gradually make Ukraine one of the guarantors of European energy security.

Also Read: European countries ink deals with Arab, African nations to replace Russian gas.
In mid-March, the Ukrainian electricity grid was connected to the European network. The step was taken to provide uninterrupted supplies in spite of the war. Earlier in the day, Russia’s state energy giant Gazprom reportedly slashed gas deliveries to Europe via the Nord Stream pipeline to about 20 percent of capacity from 40 percent. The development was confirmed by Germany‘s energy regulator.

On Tuesday, the EU agreed to reduce gas consumption to break its dependence on Russia after missile strikes on Ukraine’s Black Sea coast. The missile strikes cast doubt on the grain export deal between Ukraine and Russia.

Russian forces invaded Ukraine on February 24. Russia is now trying to consolidate its position in the Donbas region in eastern Ukraine. The region comprises two separatist republics of Donetsk and Lugansk. Earlier this month, Moscow claimed to have fully captured Lugansk province.