DiXi GroupPublications2026Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
20.05.2026
May 11 – 17
On 13–14 May, Russia carried out one of the largest combined attacks on Ukraine’s critical infrastructure, including energy and gas facilities, deploying 1,567 drones and 56 missiles, which caused widespread power outages across multiple regions, damage to electricity and gas infrastructure, and disruptions to electricity, water, and gas supply.
The government approved the procedure for forming a national reserve of autonomous power generation, which provides for the creation of a decentralized stock of energy equipment to ensure the prompt supply of electricity, heat, and water to critical infrastructure in the event of new attacks on the power grid, with funding from the state and local budgets as well as international aid.
Under a joint memorandum on financing the energy sector’s recovery, banks increased support for energy projects to UAH 45.9 billion as of May 1, 2026, driving a 10.6% increase in lending volumes compared to early April. Since the memorandum took effect, businesses have received UAH 42.9 billion in loans, and households have received UAH 3 billion, with funding directed primarily toward the restoration and development of generation, energy storage systems, and heat supply with a total capacity of over 2.3 GW.
By Order No. 434-r, the Cabinet of Ministers allocated nearly UAH 497.2 million of European Investment Bank funds for the implementation of the “Renewable Energy Solutions (RES)” project, which involves the deployment of solar power plants, heat pumps, and other renewable energy solutions in municipal infrastructure facilities being renovated under EIB programs, with the aim of enhancing the energy resilience of Ukrainian communities.
The government approved personnel decisions regarding key state-owned energy companies, including Energoatom, Ukrenergo, and Guaranteed Buyer, covering the renewal of the composition of supervisory boards and executive bodies. Specifically, at NAEK Energoatom, the process of replacing the departing independent member of the supervisory board, Patrick Fragman, has begun; at NEC Ukrenergo, new state representatives of supervisory boards – Yuriy Boyko, Mykola Brusenko, and Yegor Perelygin – have been approved; and at JSC “Guaranteed Buyer,” Stanislav Sova and Gennady Ivanov have been appointed to the executive board.
The Cabinet of Ministers expanded the scope of simplified procedures of construction works in the gas sector under martial law, extending them not only to gas storage and production facilities but also to gas transmission and distribution facilities, including main gas pipelines, compressor stations, gas distribution stations, and gas metering stations, as well as measures for their engineering protection. Respective projects may be implemented without key permitting procedures in the areas of urban planning and environmental assessment, with these formalities to be completed after the work is finished.