DiXi GroupPublications2026Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
17.06.2026
June 8-14
The Cabinet of Ministers of Ukraine approved the Long-term Low Greenhouse Gas Emission Development Strategy until 2050, which outlines the path toward achieving climate neutrality and decarbonizing the economy. The document provides for additional GDP growth of up to 2.1% by 2035, a reduction in the economy’s energy intensity by more than half, the development of distributed generation with a capacity of over 4 GW, as well as the promotion of biomethane and hydrogen production and the implementation of CO₂ capture and storage technologies.
Commercial electricity imports to Ukraine rose by 63.4% to 100.6 GWh. Exports fell by 38.2% to 17.2 GWh. Overall, import volumes exceeded exports by a factor of 5.8.
Under five government energy support programs, more than 2,100 loans totaling over 3.6 billion UAH have already been issued to businesses, homeowners’ associations, and households. The largest share of funding has been directed toward cogeneration and distributed generation projects designed to increase the power system resilience.
The government approved the updated National Energy and Climate Plan until 2030, which sets Ukraine’s goals for decarbonization, the development of renewable energy, and integration into the European energy market. The document provides for reducing greenhouse gas emissions by more than 65% from 1990 levels and increasing the share of renewable energy to at least 27% of final energy consumption.
In January-May 2026, imports of electric batteries into Ukraine increased 3.8-fold to USD 1.47 billion, while imports of power generation units fell by one-third; meanwhile, purchases of electric motors and generators rose more than 2.4-fold.
The Naftogaz Group reached an agreement with Eurobond holders on the restructuring of debt totaling approximately EUR 1.2 billion. If the deal is finalized, the maturity dates of the main debt issues will be extended to 2032–2033, which should strengthen the company’s short-term financial stability.
Ukraine received the seventh tranche of funding under the Ukraine Facility program in the amount of EUR 2.8 billion following the implementation of a series of reforms, bringing the total amount of support received from the EU under this program to over EUR 29.4 billion.
Ukraine and the IMF have reached a Staff Level Agreement on the first review of the EFF program for 2026–2029, paving the way for the next tranche of funding in the amount of USD 690 million following approval by the Fund’s Executive Board.