Romania says it is ready to transfer part of excess profits of energy companies to Ukraine

Romania intends to direct part of the funds received by the country's energy companies to the reconstruction of post-war Ukraine. This was stated by the press service of the Energy Ministry with reference to Romanian Foreign Minister Luminica Odobescu, who spoke at the conference on the reconstruction of Ukraine in London.

It is noted that a number of Romanian energy companies have made super-profits due to the rise in prices in the country, which occurred as a result of the Russian invasion of Ukraine.

According to the ministry, the money from the Romanian side will be used to rebuild the national energy system, namely the infrastructure facilities destroyed as a result of the Russian attacks.

According to the Ukrainian ministry, this is Romania's way of responding to Kiev's call for foreign energy companies to share super profits.

The ministers paid special attention at the meeting to the Ukrainian Energy Ministry's call to foreign partners to share the extra profits that energy companies received as a result of the war unleashed by Russia in Ukraine, which caused significant price hikes on energy markets and then unplanned profits for their players," the statement said.

We would like to point out that starting from October 2022, the Russian military started systematic shelling of Ukraine's energy infrastructure: generating facilities (hydropower plants, thermal power plants, thermal power plants), substations (designed to transmit, transform and distribute electricity) and gas production facilities. As a result of the strikes, many regions of Ukraine experienced power, water and heating outages from CHPPs, and communication breakdowns.

By early 2023, attacks on Ukraine's energy and other infrastructure had killed at least 77 civilians and injured some 300.

Attacks on energy facilities by the Russian Federation continue.