Energy damage in Ukraine: Estimated cost in the billions

Ukraine's Minister of Energy, Guerman Guerachtchenko, said that the energy infrastructure targeted last week had suffered billions in damage, particularly as a result of Friday's Russian attack, described as the "biggest attack" on the Ukrainian energy network since the start of the invasion.

Share:

Ukraine attaques infrastructures énergétiques coût

Last Friday, an attack on an unprecedented scale targeted Ukraine’s energy network. Guerman Guerachtchenko, Ukraine’s Energy Minister, called the strikes “the biggest attack” since the start of the Russian invasion. Last Friday’s assault on Ukrainian energy infrastructure is described by Guerachtchenko as unprecedented since the invasion began in February 2022. Kharkiv, hit hard, suffered extensive power cuts, whilean attack also disrupted one of the two power lines supplying the Zaporijjia nuclear power plant. Although the final assessment of the damage is still underway, the Minister anticipates repair costs in the billions, underlining the scale and financial significance of the destruction.

Continued strategy of attacks on the energy network

The strikes against the energy network did not stop with this event, Guerachtchenko said. He reported continued attacks, including against the Odessa region, causing further blackouts. These repeated actions demonstrate a strategy to weaken Ukraine by destabilizing its energy infrastructure, revealing the persistent security challenges facing the country.

Reinforcing infrastructure defense

Guerachtchenko stressed the importance of strengthening Ukraine’s anti-aircraft defense to effectively counter these assaults. The latter presents the reinforcement of air defense as an imperative to ensure the protection of critical infrastructures and maintain national energy security.

Statements by Ukrainian Energy Minister Guerman Guerachtchenko highlight the security and economic challenges posed by recent Russian attacks on energy infrastructure. The repair costs, running into billions, and the urgent need to reinforce anti-aircraft defense are central issues for Ukraine in its efforts to preserve energy security and rebuild after the conflict.

Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.
The European Bank for Reconstruction and Development lends €400 million to JSC Energocom to diversify Moldova's gas and electricity supply, historically dependent on Russian imports via Ukraine.
BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.
The European Commission is launching an alliance with member states and industrial players to secure the supply of critical chemicals, amid growing competition from the United States and China.
Trade between Russia and Saudi Arabia grew by over 60% in 2024 to surpass USD 3.8 billion, according to Russian Minister of Industry and Trade Anton Alikhanov, who outlined new avenues for industrial cooperation.
Meeting in Rio, BRICS nations urge global energy market stability, openly condemning Western sanctions and tariff mechanisms in a tense economic and geopolitical context.
Despite strong ties, Iran's dependence on oil revenues limits its ability to secure substantial strategic support from Russia and China amid current international and regional crises, according to several experts.
Egypt’s Electricity Minister engages in new talks with Envision Group, Windey, LONGi, China Energy, PowerChina, and ToNGWEI to boost local industry and attract investments in renewable energy.
The potential closure of the Strait of Hormuz places Gulf producers under intense pressure, highlighting their diplomatic and logistical limitations as a blockage threatens 20 million daily barrels of hydrocarbons destined for global markets.
Budapest and Bratislava jointly reject the European Commission's proposal to ban Russian energy supplies, highlighting significant economic risks and a direct threat to their energy security, days ahead of a key meeting.
Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
Hungary, supported by Slovakia, strongly expresses opposition to the European Commission's plan to phase out imports of Russian energy resources, citing major economic and energy impacts for Central Europe.
Israeli military strikes on Iran's Natanz nuclear site destroyed critical electrical infrastructure but did not reach strategic underground facilities, according to the International Atomic Energy Agency (IAEA).
The French president travels to Nuuk on 15 June to support Greenlandic sovereignty, review energy projects and respond to recent US pressure, according to the Élysée.
Kazakhstan has selected Rosatom and China National Nuclear Corporation to build two nuclear power plants totaling 2.4 GW, a decision following a favorable referendum and coinciding with Xi Jinping’s upcoming strategic visit.
Israeli strikes against Iranian nuclear sites disrupt US-Iranian talks on the nuclear deal. Tehran now considers canceling the upcoming negotiation round in Oman, heightening regional economic concerns.
Facing alarming breaches of uranium enrichment thresholds by Iran and explicit existential threats, Israel launches targeted military strikes against Iranian nuclear infrastructure, escalating regional tensions dramatically.
The Kremlin has confirmed that Vladimir Putin aims to help resolve the nuclear dispute between the United States and Iran, leveraging strengthened strategic ties with Tehran.
President Lee Jae-myung adopts an energy diplomacy rooted in national interest, amid a complex international landscape of rivalries that could create challenging situations for the country and its energy businesses.
Paris and Warsaw held a bilateral workshop in Warsaw to strengthen coordination on electricity infrastructure investments and supply security under the Nancy Treaty.