November 24-30

  • During the week, Russia carried out two massive attacks on Ukraine’s energy infrastructure (on November 25 and 29), during which a total of 1,060 UAVs and 58 missiles of various types were used.
  • As of November 27, more than 13 million Ukrainians had applied for one-time assistance in the amount of UAH 1,000 under the government’s Winter Support program, according to the Ministry of Social Policy.
  • There were no commercial exports of electricity from Ukraine in the reporting week. Imports, in turn, increased by 10.4% to 106.5 GWh.
  • The monthly Base BCM (bilateral contracts market) index for December stood at 5,565 UAH/MWh (+7% compared to the November index).
  • The Cabinet of Ministers approved a draft law to transpose the provisions of Directive (EU) 2018/2001, which covers the harmonization of terminology, the definition of rules for calculating the RES target, the optimization of licensing procedures for RES projects, the mechanism for statistical transfers, and sustainability criteria for biofuels. The document should ensure the systematic approximation of Ukrainian legislation to EU requirements in the field of renewable energy.
  • Following a meeting with government officials, President Volodymyr Zelensky announced a decision to reduce the regulated price of gas for cogeneration plants within the framework of public service obligations.
  • Naftogaz has already secured 70% of the financing needed to import additional gas during the winter, and the company will try to raise the remaining 30% in the US, according to company CEO Serhiy Koretsky.
  • The International Monetary Fund (IMF) mission and the Ukrainian authorities reached a staff-level agreement on a new four-year program under the Extended Fund Facility (EFF) with potential access to financing of SDR 5.94 billion (USD 8.1 billion).
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