Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Ukrainian energy ministry halts electricity exports due to Russian missile strikes

Published 10/10/2022, 16:55
Updated 10/10/2022, 17:26
© Reuters. FILE PHOTO: Ukraine's Energy Minister Herman Halushchenko addresses lawmakers during parliament session in Kyiv, Ukraine October 8, 2021. REUTERS/Valentyn Ogirenko/File Photo
ENRY
-

(Corrects headline to electricity (not energy) exports, no changes to text)

(Reuters) -The Ukrainian energy ministry said it will halt exports of electricity to the European Union following Russian missile strikes on energy infrastructure on Monday.

"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 earlier on Monday launched its most widespread missile strikes on Ukraine since the start of the conflict, raining cruise missiles on cities and knocking out power supplies, in what Russian President Vladimir Putin called revenge for a blown up bridge.

Ukraine's energy minister Herman Halushchenko said the attacks on the energy system were "the biggest during the entire war."

In a TV broadcast he said that missile strikes "on the entire chain of supply (were made) in order to make switching supply as difficult as possible."

In June, Ukrainian energy ministry said it was hoping to bring in 1.5 billion euros ($1.45 billion) from electricity exports to the EU, its main export market for energy since the war began, by the end of the year.

© Reuters. FILE PHOTO: Ukraine's Energy Minister Herman Halushchenko addresses lawmakers during parliament session in Kyiv, Ukraine October 8, 2021. REUTERS/Valentyn Ogirenko/File Photo

Russia launched its invasion on Ukraine on Feb 24. It has repeatedly denied attacks on civilian targets.

($1 = 1.0321 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.