Electricity exports from Ukraine are suspended

• Financial

Ukraine's Ministry of Energy announced on Monday that it will suspend electricity exports to the European Union following Russian missile attacks on energy infrastructure. "Today's missile strikes, which hit the thermal generation and electrical substations, forced Ukraine to suspend electricity exports from Oct.

11, 2022 to stabilize its own energy system," the ministry said in a statement on its website. Russia on Monday launched its most widespread missile attacks on Ukraine since the start of the conflict, firing a barrage of cruise missiles at cities and disrupting electricity supplies, in what Russian President Vladimir Putin called revenge for a blown-up bridge.

“The infrastructure was attacked but the good news is that no Ukrenergo employees were killed. Substations, power lines and generation companies can be restored but human lives can’t,” the source said. Ukrainian Energy Minister Herman Halushchenko said that the attacks on the energy system were"the biggest during the entire war." Ukraine's energy ministry announced in June that it hopes to earn 1.5 billion euros by the end of the year from electricity exports to the European Union, its main energy export market since the start of the war.

Following a suspected attack on a bridge in Crimea, Russia unleashed a barrage of attacks in retaliation for the attack. “Even while the Zaporizhzhya Nuclear Power Plant, which has been under Russian occupation for more than 7 months, was shut off, Ukraine was keeping its obligations on electricity exports to European partners.

“But today’s unprecedented wave of missile attacks that hit thermal generation and electrical substations have forced Ukraine to suspend electricity exports from 11th October in order to concentrate on stabilising our own national grid”.

Nearly half of Ukraine's renewable energy facilities are in war zones, the Deputy Energy Minister told ELN

Mr. Demchenkov said:

“Ukraine’s energy sector already needs $2.5 billion (£1.9bn), plus, we need another several hundred million dollars each month to keep the energy sector running.

“Ukraine needs generators to supply electricity. Every day, energy companies send out crews into the field to repair damage and restore power supply to tens of thousands of people in dozens of cities and villages. “We need components for repair activities; we need fast and safe transportation of repair crews and other employees, and much more.

“Ukraine also has a burning need in fuel supplies, because Russia has destroyed Ukrainian refineries and oil depots”. Russia launched its invasion of Ukraine on February 24 and has repeatedly denied targeting civilians.