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G7 Backs Ukraine’s Energy Rebuild as Canada, Kyiv Launch Long-Term Partnership

The plan centers on mobilizing public guarantees to unlock private investment.

Overview

  • The G7 energy and environment ministers meeting in Toronto issued a joint statement committing tools such as direct aid, credit lines, risk insurance and policy coordination for Ukraine’s energy recovery.
  • The ministers condemned ongoing Russian strikes on Ukraine’s energy system, highlighting recent attacks on gas infrastructure that heighten risks for civilians ahead of winter.
  • Ukraine’s energy minister Svitlana Hrynchuk signed a declaration of intent with Canada, opening a long-term cooperation track spanning grid restoration, nuclear and renewables, oil and gas, efficiency and innovation.
  • Canada announced a CAD 14 million clean‑technology and critical‑minerals investment with Focus Graphite that includes a Ukrainian engineering company.
  • The G7 pledged to bolster Ukraine’s energy security by strengthening regional interconnections, restoring a more decentralized and reliable grid, and diversifying interconnected supply chains.