Ukraine Eyes Billions in Euros From Europe Electricity Exports

Ukraine Eyes Billions in Euros From Europe Electricity Exports
Building cranes and power lines connecting pylons of high-tension electricity next to a construction site of new apartment blocks in Kyiv, Ukraine on July 10, 2020. Valentyn Ogirenko/Reuters
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KYIV—Ukraine hopes to make 1.5 billion euros from electricity exports to the European Union by the end of the year and earn more in the future after obtaining the right to export its energy there, a Ukrainian energy ministry adviser said on Wednesday.

Former Soviet Ukraine’s electricity grid began planning to decoupling itself from the Russian and Belarusian grid in 2014 after Russia annexed Crimea. It was testing the system’s autonomy in February when Russia invaded, which prompted Kyiv to fully disconnected 2.5 years earlier than planned.