$1.88 Billion for European Energy Security and Ukraine Reconstruction
This Act authorizes nearly $1.9 billion in federal funds to help Ukraine and Central/Eastern Europe reduce reliance on Russian energy sources. The goal is to rebuild Ukraine's damaged energy infrastructure, enhance nuclear safety, and modernize regional power grids. While primarily foreign aid, the law prioritizes the use of US-sourced materials and services in these projects, potentially benefiting American businesses and jobs.
Key points
Allocates $1.88 billion to rebuild Ukraine's energy infrastructure and enhance energy security across Central and Eastern Europe.
Supports European countries in diversifying energy supplies, prioritizing the use of US-made equipment and services where possible.
Funds initiatives for environmental cleanup in Ukraine following war damage and ensures the safety and security of nuclear power plants.
Status:
Expired
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