Australian funds will be transferred to the Ukraine Energy Support Fund, which is managed by Kyiv and the European Commission.
Australia decided to transfer $20 million to Ukraine to strengthen the energy system instead of the coal requested by Kyiv. The funds will be transferred to the Energy Support Fund of Ukraine, which is managed by Kyiv and the European Commission. ABC reported it.
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Ukraine has made two separate requests for coal from Australia since December 2023, and the federal government has expressed reluctance to meet them, despite Australia supplying coal to Ukraine at the start of the deal. Russian invasion.
The Australian government will provide an additional $31 million in support – $20 million in an energy fund and $11 million in additional humanitarian aid. Australian Foreign Minister Penny Wong said sending funds instead of sending coal directly is cheaper and easier.
“If you ship coal from Australia, you have shipping and insurance costs. In fact, this amount of money, if Ukraine wants to spend it on coal, will produce an equivalent amount of coal compared to what we have seen then. But it allows Ukraine itself to decide where it is best to use these methods,” the official assured.
The $11 million in humanitarian aid will go mainly to the UN Office for the Coordination of Humanitarian Affairs, which deals with basic needs such as food, water and shelter.
A portion of the funds will go directly to supporting people with disabilities through the UN Partnership on the Rights of People with Disabilities.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.