EU agrees to spend billions to make grid crisis-proof
The project was launched after this winter's gas crisis left thousands of homes without heat, following a price row between Moscow and transit country Ukraine.
The plan to subsidize new power projects, gas pipelines and power cables aims to enable the 27 EU countries help each other during energy crises and to generate fresh employment for constructors and engineers in the face of recession.
The European Parliament had earlier voted to divert any unused funds from the project into energy efficiency program.
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Ukraine Leans on Imports to Keep the Lights On
UKRAINE - Russia's ongoing war in Ukraine has extended far beyond the battlefield, with critical infrastructure becoming a target. Ukraine's once-robust energy system has sustained significant damage from Russian missile and drone strikes. To cope with these disruptions and maintain power supplies for Ukrainian citizens, the country is turning to record-breaking electricity imports from neighboring European nations.
Prior to the war, Ukraine enjoyed a self-sufficient energy sector, even exporting electricity to neighboring countries. However, targeted attacks on power plants and transmission lines have crippled generation capacity. The situation is particularly dire in eastern and southern Ukraine, where ongoing fighting has…
