Garry Poluschkin, an economic advisor for the Ukrainian government in a project financed by the German Ministry for Economic Affairs and Climate Action, describes the current needs and level of support required by Ukraine at the moment. At the same time, the expert underlines that there are discussions about the post-war reconstruction and the reforms that Ukraine will have to implement in order to attract investment and ensure compliance with EU requirements. A perspective of EU membership would attract investors and help the country. Interview conducted by John Beauchamp, a long-time radio journalist and the voice of the Warsaw Metro.

Ukraine can play an important role in the European Union’s energy transition. A green agenda should be prioritised as a part of Ukraine’s post-war recovery. Its integration into the EU’s energy market and energy transition priorities should become key targets not just for the EU, but for other external donors and international financial institutions.

Russia’s latest invasion of Ukraine in February triggered a global energy crisis and has forced the European Union to speed up its vision for energy security. It has also broken down the barriers between energy security and climate policy. At the same time, Ukraine needs to review its own vision for energy security; as a candidate for EU membership it ought to enact binding targets to reduce its fossil fuel use. The EU’s climate target for 2030 was to reduce greenhouse gas emissions by more than half compared to levels in 1990. This target is in line with the EU Green Deal objective of achieving climate neutrality by 2050.

Whilst fighting continues in Donbas, governments and economists around the world are now thinking about a potential reconstruction plan for Ukraine. The scope of this project would mirror that of the post-war Marshall Plan and ultimately must take into account the peculiarities of Ukraine’s position.