The EBRD funding will be co-financed by a joint contribution from Kyiv municipality and Kyivteploenergo of at least 26 million euros to finance the district heating network replacement.

Russia wasted no time in dismissing both the outcome of the talks in Washington and the chances of a meeting sometime this year between Putin and Zelensky.

The real question regarding Ukraine’s membership aspirations, therefore, is whether NATO Allies are willing and able to invest in the immense effort required to make collective defence credible.

According to UNCTAD, the FDI flows to the transition economies of South-East Europe and former Soviet republics declined by 58 percent to $24 billion in 2020. FDI grew only in Belarus, Kazakhstan and Montenegro.

Centrenergo is a major electric and thermal energy producing company in central Ukraine and eastern Ukraine. DTEK Energy is a key player in the Ukrainian coal industry.